We Are Committed To Fighting For Your Safety & Your Rights

Kansas City Elder Financial Abuse Attorneys

Financial Abuse by Nursing Homes & Caregivers

When most people think of nursing home abuse, they imagine physical acts of violence committed by staff against residents. While this certainly can and does occur, it is far from the only type of nursing home abuse. 

Financial abuse against the elderly is far more common than many people realize. According to the National Council on Aging, financial elder abuse costs victims approximately $2.6 to $36.5 billion every year—and instances of this type of abuse are likely underreported. 

If you or your loved one has suffered financial abuse at the hands of a trusted caregiver or nursing home facility, you could be entitled to compensation for your losses. At the Law Office of Tom Wagstaff Jr., we represent victims of all types of nursing home abuse, including financial abuse and exploitation. We invite you to get in touch with our team today to learn how we can help you seek justice. 

Call (816) 597-4556 or reach us online using our secure contact form. Your initial consultation is free, and you do not pay any legal fees unless we win your case.

Understanding Financial Abuse 

Financial abuse, also known as financial exploitation, occurs when one person or party attempts to defraud or steal from another or takes someone else’s money or personal belongings for their own use. Sadly, many financial abusers target older individuals. And, in fact, seniors may be at a higher risk of financial exploitation due to a variety of factors, including the fact that they are more likely to suffer from mental impairments, such as Alzheimer’s and dementia. Elderly individuals may also be less savvy when it coms to online security, making them a target for predators carrying out online scams. 

Financial abuse can come from anywhere. Adult children are most often the perpetrators of elder financial abuse, but nursing homes and other long-term care facilities frequently exploit residents. 

Examples of Financial Abuse in Nursing Homes

Some common examples of financial abuse in nursing homes include: 

  • Stealing checkbooks or credit/debit cards 
  • Unlawfully accessing residents’ bank information and accounts
  • Making unauthorized withdrawals from bank accounts 
  • Pressuring residents into rewriting wills, trusts, or powers of attorney
  • Forcing residents to include caregivers in wills
  • Deceiving residents into transferring ownership of personal property 

These and other acts of financial abuse and exploitation can have lasting consequences, significantly affecting the elderly victim and their family. Unfortunately, elder financial abuse can be difficult to spot, which is why it is so important that friends, family members, and loved ones know what signs to look out for when it comes to identifying possible mistreatment. 

Can Elder Law Be Used to Commit Financial Abuse?

Elder financial abuse is a growing problem that affects thousands of elderly individuals each year. Unfortunately, elder law can be used as an avenue for exploiting and taking advantage of seniors financially. From forcing the elderly to rewrite their wills to deceiving residents into transferring ownership of property, these acts can have devastating consequences on victims and their families. It’s important to understand how elder law is used to commit such abuses so that we can better protect our elderly loved ones from becoming victims.

Here are a few of the ways abusers use elder law against their victims:

  • Forcing elderly individuals to rewrite wills, trusts, or powers of attorney with the goal of taking advantage of inheritances and other benefits for themselves.
  • Using undue influence in order to gain access to bank accounts or credit cards belonging to the victim.
  • Manipulating elders into transferring ownership of personal property, such as homes and cars, with no monetary compensation given in return for the transfer of goods or services received from the abuser .
  • Deceiving victims into signing contracts that grant a financial abuser access control over their finances while leaving them vulnerable and unprotected against further exploitation.

What Are the Signs of Elder Financial Abuse? 

Always be wary of anyone who becomes possessive or controlling, especially when it comes to your or your loved one’s finances. One should never feel pressured to give money or personal belongings to someone else, including caregivers and nursing home staff. Thoroughly read all documents before signing and, if you are unsure of what the document states, have someone you trust—such as a lawyer or financial adviser—review it for you.

There are other signs to watch out for that may indicate elder financial abuse. These include: 

  • Unusual changes in the individual’s financial situation 
  • Unexplained withdrawals from bank accounts 
  • New names being added to the individual’s bank account or credit cards
  • Bounced checks 
  • Sudden transfer of property rights or ownership 
  • Changes in spending habits 
  • Unpaid bills, past due notices, and collections letters 
  • Unexplained changes to a will, trust, or power of attorney 
  • New or changed attitude toward money, including acting stressed or worried about finances

If you believe that your elderly loved one may be suffering financial exploitation at the hands of a trusted caregiver or nursing home, take immediate action to stop the abuse. You can contact the long-term care ombudsman in your state or the appropriate government agency to report known or suspected elder abuse, including financial abuse and exploitation. 

Protecting Your Loved Ones from Elder Financial Abuse

As our loved ones age, it is important to be vigilant and protect them from potential financial abuse. Elder financial abuse can occur in various forms, such as scams, manipulation, or exploitation by caregivers or nursing homes. At the Law Office of Tom Wagstaff Jr., LLC, we are dedicated to helping families in Overland Park, KS prevent and address elder financial abuse.

Here are some steps you can take to protect your loved ones:

  1. Educate yourself and your loved ones: Learn about the common signs and tactics used in elder financial abuse. By being informed, you can better recognize and prevent potential abuse.
  2. Establish a power of attorney: Appoint a trusted individual to make financial decisions on behalf of your loved one. This can help ensure that their finances are managed responsibly and protect them from potential exploitation.
  3. Regularly monitor financial accounts: Keep a close eye on your loved one's bank statements, credit card bills, and other financial transactions. Look for any unusual or unauthorized activity and address it promptly.
  4. Stay connected: Maintain regular communication with your loved one. Isolation can make them more vulnerable to financial abuse. By staying connected, you can detect any changes in their behavior or financial situation that may indicate abuse.
  5. Report suspected abuse: If you suspect that your loved one is a victim of elder financial abuse, do not hesitate to report it. Contact local law enforcement, adult protective services, or an experienced elder law attorney for guidance and assistance.

At the Law Office of Tom Wagstaff Jr., LLC, we understand the devastating impact of elder financial abuse. Our experienced attorneys are here to provide compassionate support and legal guidance to protect your loved ones and hold responsible parties accountable. 

When to Hire an Elder Financial Abuse Attorney

The financial abuse and exploitation of seniors costs victims and their families billions of dollars a year in the United States. If you have suffered financial harm due to the fraudulent and unlawful conduct of a nursing home staff member or caregiver, you have the right to take legal action.

We encourage you to contact the Kansas City financial abuse attorneys at the Law Office of Tom Wagstaff Jr. as soon as possible. You have a limited amount of time to file your nursing home abuse claim; if you wait too long, you could lose your right to seek compensation for your damages, including financial loss, emotional distress, and pain and suffering. Our team is standing by, ready to assist you with your case. Reach out to us today to schedule a complimentary consultation. 

Here are a few reasons why you should choose us:

  • Experience: Our team of attorneys has decades of experience handling elder financial abuse cases. We have the knowledge and resources to build a strong case on your behalf.
  • Compassion: We understand the emotional toll that elder financial abuse can take on victims and their families. We treat our clients with compassion and respect, and we are dedicated to helping them through this difficult time.
  • Personalized Attention: We know that every case is unique, which is why we provide personalized attention to each client. We take the time to understand your situation and develop a strategy that meets your specific needs and goals.
  • Results: Our track record of success speaks for itself. We have helped numerous clients recover compensation for their losses, and we are ready to fight for you.

Contact us online or by phone at (816) 597-4556.


$37 Million Heirship Dispute
Heirship Dispute - Our client’s mother died from ovarian cancer after using Johnson & Johnson brand talcum powder. We recovered $37 million for our client following a successful mediation to resolve the disagreement between the heirs.
  • $1 Million Nursing Home Fall
  • $1.5 Million Nursing Home Fall
  • $1.5 Million Nursing Home Sexual Abuse
  • “He worked hard on our behalf and we reached a positive conclusion.” - Lori D.
  • “Tom gives lawyers a good name.” - Donna J.
  • “Tom and his firm are great people!” - Brad

Contact Us To Begin Your Case

Schedule A Free Consultation Today

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy