According to the Consumer Financial Protection Bureau (CFPB), financial exploitation of the elderly is one of the most prevalent kinds of elder abuse, with losses to older Americans topping $3 billion in 2010. This loss of personal financial stability often places an elderly individual in need of public assistance programs, such as Medicare and Medicaid. In order to avoid overburdening these programs that already are stretched thin, American society should take all steps necessary to protect its elderly members from this type of abuse.
The reality is that most financial exploitation of the elderly is perpetrated by individuals who are close to the victims, such as caregivers, healthcare providers, neighbors, friends, and family members. The most common types of financial exploitation include:
The best way to combat financial exploitation of the elderly is to be vigilant in looking for signs of abuse. CFPB lists the following signs that you should be aware of in order to best protect your elderly family members:
At Boller & Vaughan, we know firsthand just how prevalent financial abuse of residents in healthcare facilities and nursing homes can be, particularly with respect to the most vulnerable patients. If your family member has suffered any type of abuse, whether financial or otherwise, we are here to protect your rights and represent your interests, no matter what the case may involve. Our law firm has the experience that you need in a case such as this, so that you can explore all of the options that are available to you, and decide what legal avenue to pursue. Call the Wisconsin nursing home abuse attorneys today at (608) 268-0268 and schedule a free appointment.
Wisconsin law requires that certain services programs report allegations of caregiver abuse, neglect, or financial exploitation and take certain precautions when these types of allegations arise. Under the Caregiver Law, workers at adult family homes, […]
According to the Centers for Disease Control and Prevention (CDC), elder abuse is “an intentional act, or a failure to act, by a caregiver or another person in a relationship involving an expectation of trust […]
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We live in Friendship, Wisconsin, and Boller & Vaughan came to our doorstep to discuss our mother’s wrongful death claim on a Saturday morning. Not only were we pleased with the large recovery, we were so thankful to have lawyers who were willing to explain to us every twist and turn along the way. It is great to know there is a law firm that will fight for the rights of elderly people all over Wisconsin.
Mr. Boller and Ms. Vaughan were incredible in working on my case and my daughter’s case. I was out of work and in the hospital with a new baby. Mr. Boller and Ms. Vaughan protected our rights and it was a pleasure to work with them. I hope never to be in another motor vehicle accident, however, if I am and I am injured, I will contact Boller & Vaughan immediately.
I was referred to Michelle through a friend. I have never had a better experience. It took a little over a year to get my settlement but the staff there stayed in constant contact and kept me in the loop. Oh, and Michelle actually got me MORE money than we discussed. I will refer anyone to this firm. Words cannot do justice the thanks that I have for Michelle and her staff (Mary especially) thank you guys so much!
After my husband died as a result of a motor vehicle accident, Boller & Vaughan spent countless hours talking with me, meeting with me in person, and making sure that I was okay. The drunk driver who hit us did not have any insurance, and we had to make a claim through our own insurance. Boller & Vaughan was fantastic at explaining the law to me and the handling of our claims.
After my son was injured in a daycare setting, Ms. Vaughan took the time to thoroughly investigate our case and my son’s injuries. Michele was approachable and had answers to our questions. Talking with her helped to relieve many of our anxieties.