Financial Exploitation of Elder

Financial Exploitation of Elder

Financial Exploitation of Elder

Statutes prohibit taking, misappropriating, or obtaining an elder's property through undue influence, deception, or breach of a fiduciary relationship. Many provide enhanced damages, attorney fees, and expedited procedures.

Some statutes create rebuttable presumptions.

Alternative Names:

Elder Financial Abuse|Elder Exploitation

Why it Matters?

Statutory enhancements including attorney fees and multiplied damages make these claims economically viable where common law conversion or undue influence claims would not be, which is why plaintiffs plead them alongside traditional theories. Presumptions arising from a caretaker or fiduciary relationship shift the burden in several states. Criminal referral is a separate consequence that changes the dynamics substantially.

Frequently Confused with

Related terms

Frequently asked questions

Why plead the statutory claim?

Why plead the statutory claim?

Because attorney fees and multiplied damages make it viable where common law theories alone would not be.

What presumptions apply?

What presumptions apply?

Several states shift the burden where a caretaker or fiduciary relationship existed with the elder.