COMMON
WHO IS AT RISK?
WARNING SIGNS
While anyone can fall victim to financial abuse, certain factors increase the likelihood:
Financial exploitation often goes unnoticed until significant damage has been done. Here are some red flags to be aware of: • Sudden changes in banking behavior: Large withdrawals, new joint accounts, or an unexplained lack of funds.
• Cognitive decline: (e.g., Alzheimer’s or dementia) • Physical disabilities that require help managing day-to-day activities.
• Unpaid bills or shut-off notices: Despite adequate income or savings.
• Social isolation (this can be caused by the alleged exploiter or due to the practical realities of the situation with the vulnerable adult).
• New or unusual relationships: A caregiver, friend, or family member showing excessive interest in the person's finances.
• Grief following the loss of a spouse or major life change.
• Missing possessions or valuables: Jewelry, credit cards, or cash disappearing without explanation.
Recognizing these risk factors can help families and professionals intervene early.
• Lack of financial literacy
• Isolation from friends or family: The exploiter may try to limit access to the vulnerable adult.
WHAT YOU CAN DO:
• Changes in wills, titles, or powers of attorney: Especially if they seem out of character or were made under suspicious circumstances.
PROTECTION
PREVENTION AND
• Stay involved: Regular check-ins, both in person and by phone, can deter would-be abusers. • Encourage transparency: Help manage finances through joint access or oversight (without removing autonomy). Money is a hard thing to discuss with loved ones. But frequent discussions are one of the best ways to catch financial exploitation early. Please note the financial exploitation cases that make the news have likely been going on for years, and the vulnerable adult almost never gets all (or sometimes any) of their money back. • Educate: Talk about common scams and manipulation tactics, especially those targeting older adults. • Set up safeguards: Use automatic bill pay, monitor accounts, and work with a trusted financial advisor or attorney. • Keep records: Clear and accessible documentation of financial transactions helps spot irregularities early.
Being proactive is key. Here are some steps you can take to help safeguard your loved ones:
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