Recently, local media reported on a woman who defrauded an elderly man out of a significant sum of money. According to the news reports, this was a case of financial elder abuse.
Financial elder abuse occurs when someone uses or takes an elderly person’s money or belongings without their consent. This can involve unauthorized withdrawals from bank accounts, taking personal possessions, misusing powers of attorney, or pressuring an elderly person to change their will. In many cases, the abuse is committed by someone close to the elder, and it often goes unnoticed for some time.
One way to prevent financial elder abuse is to implement protective measures early on. This can include submitting a request to the Court of First Instance for guardianship (curatele), mentorship, or financial administration (bewind).
Guardianship (curatele) is appropriate when an adult is no longer able to manage both their financial and personal affairs.
Financial administration (bewind) is suitable for those who are unable to manage their finances independently.
Mentorship is intended for individuals who can no longer make decisions regarding their personal care and well-being.
Need Tailored Advice?
If you suspect financial elder abuse or want to establish protective measures for a loved one, don’t hesitate to contact Rollings Legal. We specialize in civil law and provide expert guidance to support you professionally and effectively in such matters.
