Elder financial abuse is a serious and often devastating form of mistreatment that occurs when someone exploits an elder’s finances without consent or through manipulation. Victims of elder financial abuse can file a lawsuit against the liable party—whether it’s the individual responsible or a negligent bank that allowed the abuse to occur.
At Arias Sanguinetti, our Las Vegas elder financial abuse lawyers can work to hold the liable parties accountable. We have recovered over $1.5 billion for previous clients.
If your loved one has been financially exploited, contact us today to discuss your legal options, including the potential to hold a bank liable for its negligence. Our Las Vegas elder abuse lawyers are here to help.
Types of Elder Financial Abuse Cases Our Las Vegas Lawyers Handle
Our Las Vegas personal injury lawyers understand that financial abuse can take many forms. We have the resources and experience to handle even the most complex cases. We can investigate your loved one’s case to determine how financial abuse occurred.
For example, a bank may have allowed someone to make daily withdrawals or large withdrawals to a suspicious third party until their savings were depleted, in violation of their duty to monitor for and flag suspicious activities.
Below are some examples of elder financial abuse cases that we handle.
Fraudulent Investments and Financial Scams
People often target elderly adults with deceptive investment schemes that promise high returns. Our Las Vegas elder financial abuse attorneys can help your loved one recover their losses and pursue legal action against the perpetrators.
Unauthorized Use of Funds
Under state law in Nevada, unauthorized use of an elder’s funds is recognized as financial exploitation. This occurs when an individual misuses an elder’s financial resources without consent or through coercion or threats.
Such actions are forbidden under Nevada Revised Statutes (NRS) § 200.5092, which defines exploitation as obtaining control over an older person’s assets through deception, intimidation, or undue influence.
At Arias Sanguinetti, we are committed to investigating unauthorized financial activities and seeking restitution for affected elders.
Manipulation of Elders to Change Wills or Trusts
Family members or even caregivers may pressure elderly adults to change their estate plans for personal gain. They may try to convince or force them to modify their wills, trusts, and even power of attorney to gain control over their financial affairs.
Our team of lawyers can help you if you believe your loved one suffered this form of financial elder abuse.
Identity Theft
Seniors are prime targets for identity theft. Con artists may steal their personal information in order to access their financial assets. Our Las Vegas, NV, elder financial abuse lawyer can help your loved one recover their identity and prevent future occurrences of identity theft.
Negligent or Fraudulent Financial Management
Sometimes, elder financial abuse results from negligence on the part of a caregiver or nursing home administration. In some cases, administrators managing an elderly adult’s finances knowingly engage in overcharging. We can help bring these parties to justice and recover your loved one’s losses.
Holding Banks Liable for Elder Financial Abuse
Elder financial abuse can be particularly devastating when financial institutions, like banks, fail to fulfill their duty of care. Under Nevada Revised Statutes (NRS) §§ 657.220 – 657.290, banks and other financial institutions are required to take reasonable steps to prevent elder financial abuse, including monitoring and reporting suspicious account activity that may indicate exploitation.
In many cases, banks may be held liable for failing to protect an elder’s assets when they allow questionable activities to continue unchecked. Examples of situations in which a bank could be liable include:
- Failure to flag or report repeated large withdrawals to a third-party account under circumstances that suggest financial exploitation.
- Neglecting to follow state and federal guidelines that require reporting of suspicious activities, particularly those involving older clients.
- Allowing unauthorized access to an elder’s bank account, whether through negligence or failure to verify identification properly, thus enabling exploitation by caregivers or other third parties.
Our team of attorneys can pursue claims against banks that have acted negligently, leading to elder financial abuse. We are committed to holding all liable parties accountable, ensuring your loved one receives the compensation they deserve for their financial losses.
Personal Injury Lawyer Near Me 310-844-9696
Our Las Vegas Elder Abuse Attorneys Pursue Fair Compensation
Seeking compensation and justice for elder financial abuse can help your loved one recover in multiple ways. Our team of attorneys can thoroughly investigate and assess both the financial and non-economic losses your loved one suffered due to financial abuse, including pain and suffering and diminished quality of life.
Our attorneys are experienced in gathering evidence that demonstrates the bank’s negligence, including transaction histories, communications, and records of the bank’s failure to follow protocols under Nevada law.
We can pursue compensation to ensure they receive the medical and psychological treatment needed to help them recover from the trauma. Other damages we seek include:
- Reimbursement of lost funds: Elders who suffer financial abuse can seek restitution for the money they lost due to fraudulent activities or unauthorized transactions. This compensation aims to recover the exact amount taken from the elder’s estate.
- Loss of future income: If financial abuse has affected your loved one’s ability to generate income—such as through lost investments or savings—we can seek compensation for the projected loss of future earnings.
- Cost of financial recovery and management: Your loved one might incur additional costs related to recovering from financial abuse, including hiring financial advisors or other professionals to help manage their finances. Compensation can help cover these expenses.
Recovering damages in financial abuse cases can be difficult. Consulting an experienced attorney helps you understand your legal options and provides support through the process. At Arias Sanguinetti, our team of attorneys fights for the compensation you deserve, including holding financial institutions liable for their negligence.
Click to contact our personal injury lawyers today
We Handle Elder Financial Abuse Cases on Contingency
With Arias Sanguinetti, you do not have to worry about how you will afford legal representation. Our team of attorneys takes elder financial abuse cases on contingency, so we do not charge upfront fees. Instead, we only take a percentage of your potential compensation at the end of your case.
This allows you to get started on your case as soon as possible, helping you meet legal deadlines if you have to take legal action by filing a lawsuit. Our Las Vegas elder financial abuse lawyers has decades of courtroom experience, and we are fully prepared to go to trial if necessary.
Complete a Free Case Evaluation form now
What to do if You Suspect Elder Financial Abuse
If you suspect that your elderly loved one is suffering from financial abuse, you can take steps to protect them and seek justice. First, report the suspected abuse to Adult Protective Services (APS). Financial institutions are also required to report such incidents under Nevada law if they suspect elder financial exploitation.
Consulting with an experienced attorney can help you through this process. At Arias Sanguinetti, our Las Vegas elder financial abuse lawyers can investigate and gather evidence of fraudulent practices, unauthorized charges, and other forms of financial abuse—including any negligent actions by financial institutions—that will support your loved one’s case.
We will also help compile the necessary evidence to demonstrate the bank’s failure to comply with state and federal regulations, bolstering your chances of recovering compensation from all liable parties.
Let Our Las Vegas, NV, Elder Financial Abuse Attorneys Help
At Arias Sanguinetti, we are dedicated to holding liable parties accountable so that you can achieve the justice and compensation you deserve. Our team of lawyers has over 300 years of combined experience, and our partners have been practicing law on a national level since the 1980s.
Additionally, many of our attorneys are recognized leaders in their field, having been published in reputable legal publications and serving as educators for newer lawyers.
We are immensely proud of the case results we have obtained for our previous clients. If you suspect elder financial abuse, contact us for a free initial consultation to discuss your concerns and explore your legal options.
Call or text 310-844-9696 or complete a Free Case Evaluation form