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Memphis Nursing Home Financial Abuse - nurse walking senior in nursing home

Memphis Elder Financial Abuse

Although it is commonly overlooked as a form of nursing abuse, financial abuse is a common and devastating form of elder abuse, which takes place more frequently than you think. In fact, studies report that 1 in 25 residents are financially abused. This means that over 5 million residents in America are subjected to this form of abuse each year.

Memphis nursing home residents who no longer have the capacity or desire to complete financial responsibilities may entrust caregivers to manage their property and accounts. When they do, entrusted parties are typically given confidential financial information and power of attorney, thus enabling control of the elder's funds, property and assets. When these powers are taken advantage of for personal gain, the elder is often stripped of integral financial assets and their sense of security.

If you or a loved one has been victim of Tennessee, Arkansas, or Mississippi nursing home financial abuse, the victim may be entitled to legal recourse. Contact a dedicated Morgan & Morgan Memphis nursing home abuse lawyer by filling out the free, no-obligation case review form to see if you might be eligible to receive compensation for any damages incurred.

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