Financial Exploitation of Vulnerable Adults Rising

Financial exploitation of vulnerable (particularly elderly) adults is on the rise.  No surprise, with the increased aging of the population.  A recent interesting article on financial exploitation in Olmstead County appeared in the Post Bulletin.

What can you do if a family member, friend or neighbor appears to be the victim of financial exploitation?

  • Talk to the elderly person about it.  See if you can find out the circumstances surrounding what appears to be exploitation.  Is a new “friend” asking the elderly individual for money?  Try to get a better sense of what is going on.
  • Report your suspicions (or the details you found out from your conversation with the elderly adult) to someone.  Start with Social Services in the county in which the adult resides.  File a report with the police.  Contact family members and let them know.
  • Contact an attorney to discuss the potential need for court involvement – in the form of a guardianship and/or conservatorship for the elderly adult.