How to look for potential financial exploitation of vulnerable adults | Commentary

Recently, I attended Washington’s 8th Annual Conference on Abuse of Elders and Adults with Disabilities. This conference provides valuable insight to those individuals who may encounter elder abuse, including law enforcement, caregivers, ombudsmen, and any other professionals or adults interested in learning more about this growing issue. As baby boomers age and life expectancy increases, the population of older adults increases. In turn, the pool of potential victims increases.

Recently, I attended Washington’s 8th Annual Conference on Abuse of Elders and Adults with Disabilities. This conference provides valuable insight to those individuals who may encounter elder abuse, including law enforcement, caregivers, ombudsmen, and any other professionals or adults interested in learning more about this growing issue.

As baby boomers age and life expectancy increases, the population of older adults increases. In turn, the pool of potential victims increases.

Combine this with a downturn in the economy, substance dependency issues, and what seems to be a growing need to “keep up with the Jones” and you can understand why elder abuse is on the rise.

Elder abuse involves a wide range of topics, such as physical, sexual, and mental abuse. Sometimes forgotten in this definition is financial exploitation. Financial exploitation involves a person who intentionally manipulates another for his or her own gain.

The victims tend to be vulnerable adults who are targeted due to their medical, emotional, or psychological state. The victim may be lonely or suffering from dementia, whether diagnosed or not. Perpetrators may come from anywhere, including family members, caregivers, religious groups, social organizations, strangers, etc.

Signs of potential abuse include the following:

• Changes in routine

• Changes in body language and mannerisms

• Changes in social interaction

• Not bathing or eating

• New “friends”

• Changes in spending habits

The above is obviously not all inclusive. I urge everyone to be aware and interact with your parents, grandparents and neighbors. Take any complaints you hear seriously, even if it is something that you could never imagine happening to your loved one.

If you suspect abuse, contact Adult Protective Services (APS) at 1-866-EndHarm (1-866-363-4276) or visit their website at www.aasa.dshs.wa.gov/APS.

Steve Geertz, CPA, CFE, is the principal of BG & Company LLC in Kirkland. Contact Steve at steve.geertz@bgco-llc.com or 425-891-8752.