Published on:

How to aviod elder financial exlploitation by a caregiver

Financial exploitation and abuse is the most common form of elder abuse reported and investigated in Illinois. Recently, the caregiver of an 83-year-old man was found forging checks in the man’s name. Workers at the Sugar Grove, Illinois bank noticed the irregularities in the checks and notified police. The caregiver is being charged with forgery and financial exploitation of an elderly/disabled person. The elderly aren’t always lucky enough to have outsiders discover the source of exploitation. Here are a few ways to protect yourself or a loved one when hiring a caregiver:

-Check the backgrounds and references of future employees -Allow another person (friend, family, lawyer) to have access to bank accounts to monitor spending -Tell the bank that a caregiver will be handling some financial transactions and to monitor them -If employing a caregiver or other worker in the home, secure personal information -Never give bank account or credit card information over the phone -Shred or get rid of papers with personal and bank information
Click here for the full article