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Hawaii Elder Financial Abuse Attorneys

Let Davis Levin Livingston Fight for You

The National Center on Elder Abuse (NCEA) reports that financial exploitation of the elderly is on the rise. Exploitation occurs when someone “illegally or improperly uses an older person’s money or belongings for their own personal use.” The most common perpetrators of this type of abuse are family members and caregivers. Even though financial abuse and exploitation is a crime, it is seldom reported.

If you believe that your loved one may be the victim of financial elder abuse, Davis Levin Livingston can help. The firm’s Hawaii elder financial abuse attorneys have over 40 years of legal experience and have secured millions on behalf of their clients. Based in Honolulu, the firm serves clients on all the Hawaiian Islands.

Call (808) 740-0633 or submit an online contact form today for a free, confidential consultation.

Factors Increasing Vulnerability to Abuse

The American Association of Retired Persons (AARP) notes many factors contribute to making the elderly vulnerable to financial abuse. For one thing, as people age, they lose both mental agility and physical strength. They seek assistance for doing chores around the house, as well as needing others to run errands for them and help them with meeting their financial responsibilities, like paying their monthly bills.

An elderly person who sends someone to the grocery store may not notice that the bill was much higher than it should have been for the amount of groceries purchased. They may only slightly question their own signature on a bank withdrawal slip, saying only to themselves, “I don’t remember taking out that much money,” but then chalking it up to forgetfulness without pursuing it any further.

The AARP states that most financial abusers fit a profile. They are more likely to:

  • Be adult children or spouses
  • Be male
  • Have a current or past substance abuse problem
  • Have mental or physical health problems of their own
  • Be currently in trouble with the police, or have had trouble with them in the past
  • Be socially isolated
  • Have unresolved financial issues
  • Be unemployed
  • Have access to the elderly person’s bank accounts, bank statements, and other personal financial documents

Some abusers can be so persuasive that they convince the elderly person to make a transfer of funds to the abuser. The elderly person may even claim the transfer was voluntary.

Signs of Financial Elder Abused

There are some signs to watch for that indicate your elderly loved one is being financially abused by another relative. It may be that a relative has moved in with the elderly person to “help out.” Then, your loved one becomes isolated as the abusing relative works to keep other family members from knowing about the abuse.

You may notice that when you do see your loved one, he or she seems to be doing without necessities. They may be unkempt, lacking in basic necessities of life, and seem alienated from the rest of the family. You may discover the electricity has been turned off despite knowing your loved one should have sufficient funds to have paid it, or your loved one tells you he/she recalls writing a check to pay the bill.

Other signs may be that the new live-in “caretaker” quits his or her job or is driving a new car. It behooves you to find out if the change in the lifestyle is being subsidized by your loved one’s funds.

How to Protect Yourself from Financial Abuse If You Are Elderly

If you are elderly and concerned about financial abuse by a relative, the National Council on Aging (NCOA) offers some suggestions for protecting yourself against this type of financial abuse:

  • Use direct deposit for all of your checks. This avoids sending someone to the bank for you who may be able to deposit and get cash back without your knowledge.
  • Open and review your own mail.
  • Sign your own checks when paying bills. Or, have your bank automatically pay routine bills like utilities, mortgage, or rent.
  • Stay connected with other family members and friends. Do not allow one relative to isolate you from the others.
  • As much as possible, stay active in the community, which will also decrease social isolation.
  • Have your own lawyer draw up a power of attorney to be sure only someone you explicitly trust can deal with your finances. Review it periodically and be sure it is still current.
  • Do not sign any document without carefully reviewing it and seeking independent advice.
  • Always have your own phone.
  • Stay diligent. Elder financial abuse has been called “The crime of the 21st Century.” It does not happen just to wealthy senior citizens but across all socio-economic boundaries. Be on the look-out so it does not happen to you or someone you love.

If you believe you were financially abused, or this happened to someone you know or love, contact us at Davis Levin Livingston. We offer a free case evaluation where we will analyze the facts of the case and come up with a plan to report the abuse to the proper authorities. We will do whatever is possible to stop the abuse and to recover the misappropriated funds or property.

For a free consultation with a Hawaii elder financial abuse attorney, contact Davis Levin Livingston at (808) 740-0633 today.

Four Decades of Record Breaking Victories
  • $80,000,000

    Child Sex Abuse

  • $36,000,000

    Commercial Litigation

  • $15,400,000

    Wrongful Death

  • $15,000,000

    Vacuum/Forceps Injuries

  • $12,500,000

    Fetal Distress

  • $11,000,000

    C-Section Errors

  • $9,975,000

    Brain Injury

  • $9,000,000

    Cerebral Palsy

  • $9,000,000

    Hypoxic Ischemic Encephalopathy

  • $7,900,000

    Fetal Distress

Why Davis Levin Livingston?

  • Available by phone 24/7 & ready to help.
  • Secured tens of millions of dollars on behalf of our clients.
  • Highest malpractice judgment in U.S. history against a military hospital.
  • Includes an experienced medical team including a nursing staff to answer your questions.
  • Mark Davis and Mike Livingston have been recognized as some of the best lawyers in Hawaii.
  • Resources available to advance your expenses; no cost or fees unless Davis Levin Livingston wins your case.
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