What is Elder Financial Abuse in the Family Context?

Entitlement: A family member believes they “deserve” more of the inheritance or wealth.

Greed: Some relatives see an opportunity for financial gain and prioritize it over the elder’s well-being.

Caretaker burnout: Relatives providing care may feel justified in taking money or assets as “compensation.”

Addiction or debt issues: Family members with financial difficulties may exploit their elder relatives.

Mental health problems: The abuser might rationalize their actions due to unresolved emotional conflicts or jealousy.… Read More What is Elder Financial Abuse in the Family Context?

Toxic family loyalties

Viewing Elderly Relatives as Financial Assets or Liabilities: Instead of valuing the elderly relative as a person, family members might view them in terms of their financial “worth.” They may see elderly care as a drain on potential inheritance, prioritizing assets over providing genuine care.

Neglect Rooted in Convenience: Family members who value money above relationships may find caring for an elderly relative to be inconvenient, time-consuming, or costly. Rather than stepping up to help, they might avoid involvement altogether, justifying it to themselves as “not my responsibility.”… Read More Toxic family loyalties