Information from the Washington State Department of Financial Institutions

Elder Financial Abuse: Information and Resources

Elder financial abuse is a significant problem and is expected to become worse with the aging of America.

Examples of elder financial exploitation include stealing an older adult’s cash, withdrawing money from the victim’s bank account, cashing the victim’s checks or using his credit cards without authorization. Other forms of exploitation include transferring property deeds, misusing a power of attorney, and identity theft

What Should You Do If You Suspect Financial Abuse?

  1. Talk first to elderly friends or loved ones if you see any of the signs mentioned above.
  2. If you suspect fraud, contact Washington Adult Protective Services in your town or state for help. 1-866-363-4276
  3. Report all instances of elder financial abuse to your local police if fraud is involved, they should investigate.

Warning Signs of Elder Financial Abuse

There are many warning signs of elder financial abuse. Learn about some of the most common you should beware of.

Brochures for Family Members, Caregivers

Brochures for Medical Professionals

Additional Resources

Elder Investment Fraud and Financial Exploitation Prevent Program
State securities regulators have joined forces to educate medical professionals and other caregivers about how to identify seniors who may be vulnerable to financial abuse.
Elder Investment Fraud and Financial Exploitation Prevention Program

Serve Our Seniors
Program from the North American Securities Administrators Association.

Adult Protective Services
Adult Protective Services receives and investigates reports of allegations of abuse, abandonment, neglect, self-neglect and financial exploitation of vulnerable adults living in the community and in facilities.
Adult Protective Services Website

Legal Services for the Elderly
Provides legal services to low income elderly population.

Local Area Agency on Aging
Provides answers on aging and access to resources that help older and disabled adults live well in their homes and communities.