Which term describes illegal use of an older adult's assets?

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Multiple Choice

Which term describes illegal use of an older adult's assets?

Elder financial abuse is the illegal use of an older adult's assets. This term covers the broad range of actions where someone trusted with the elder’s finances—such as a family member, caregiver, or financial adviser—illegally or improperly uses funds or property. It includes theft, forgery, misappropriation, draining bank accounts, exploiting powers of attorney, and other deceptive or coercive practices aimed at the elder’s money or assets. This specificity makes it the best descriptor for illegal financial harm, rather than broader exploitation (which can be non-financial), scams (which are fraudulent schemes targeting someone, not necessarily the ongoing misuse by a caregiver), or theft (which may describe a single act but not the continuing pattern of financial abuse).

Elder financial abuse is the illegal use of an older adult's assets. This term covers the broad range of actions where someone trusted with the elder’s finances—such as a family member, caregiver, or financial adviser—illegally or improperly uses funds or property. It includes theft, forgery, misappropriation, draining bank accounts, exploiting powers of attorney, and other deceptive or coercive practices aimed at the elder’s money or assets. This specificity makes it the best descriptor for illegal financial harm, rather than broader exploitation (which can be non-financial), scams (which are fraudulent schemes targeting someone, not necessarily the ongoing misuse by a caregiver), or theft (which may describe a single act but not the continuing pattern of financial abuse).

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