Elder financial abuse is understood by the NCPOP at UCD, as the unauthorised and improper use of funds, property or any resources of an older person.
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Many forms of elder financial abuse are a criminal offence.Older people are entitled to the protection of the law in the same way as any other member of the public.
While most older people never experience financial abuse, it is important that you take steps to protect yourself from any potential financial abuse. Prevention is always better than cure.
Elder financial abuse can be difficult to detect, not least because there is often no outward physical sign or manifestation of abuse.
While anybody in a position of trust can potentially be a perpetrator of elder financial abuse, in the majority of cases (67%), the abuser is an adult child or spouse/partner.
Do not be afraid and do not hesitate to tell somebody if you feel that you are being bullied or pressurised into making financial decisions, signing documents you don’t understand or handing over control of your finances.