Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

10 Ways Seniors Suffer Financial Abuse

July 13, 2021 · Retirement Life
Photo by Daisy Daisy from Shutterstock

Abuse of power over assets

When you reached an advanced age, sometimes you might need a little help managing your assets. As you well know, there are methods to receive exterior help from someone you trust by investing them with the power of attorney.

Unfortunately, there are cases when the invested people abuse this title for their benefit and against the elderly’s will. Untrustworthy and unethical individuals sometimes use the power of attorney to have a reach on someone else’s assets.

There were also situations where agents were designated with this power of attorney, and have corruptly used it to fraud their clients. This procedure is called the power of attorney abuse.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Illustration of a mountain valley town with houses, a clock tower, a wooden directional sign, and lupines at sunrise. 15 Scenic and Affordable Mountain Towns to Retire In
  • An older man with drafting tools overlooks a landscape labeled with ages 60, 70, and 80 along mountain ridges. 401(k) Mistakes Retirees in Their 80s Wish They'd Avoided
  • An older couple sits on the tailgate of a pickup truck holding mugs and overlooking a small valley town at sunset. 8 States Where $250,000 Is Enough for a Comfortable Retirement
  • A smiling senior man in a life jacket paddles a green kayak across a misty lake at sunrise near a wooden dock. 15 Affordable Retirement Towns Near Lakes and Rivers
  • A smiling older man walks a brown Labrador and a black-and-white border collie along a paved park path. 10 Side Gigs for Retirees Who Love Animals
  • Older adults smiling and passing food at an outdoor community dinner in front of a brick town hall at sunset. 11 Affordable Retirement Towns With Active Social Calendars
  • Illustration of an older couple walking past kiosks for pharmacy care, public transit, and residential property savings. 11 Senior Discount Programs Launching or Expanding in 2027
  • Illustration of an open hand catching a gold coin beside a bank vault blueprint against a split city and night sky. 11 Windfalls Retirees Can Receive and How They Are Taxed
  • A senior Asian male baker in a flour-dusted apron arranges fresh sourdough loaves on a bakery counter. The 2027 Social Security Update That Benefits Some Working Retirees
  • A plant grows out of an open government envelope toward a sun reading Saver's Match $1,000 in a landscape. IRS Notices Are Going Out About a $1,000 Retirement Match – Are You Eligible?

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

A stressed older couple sits on the floor of an empty living room surrounded by unpacked cardboard moving boxes.

5 States Retirees Regret Moving to, Based on Cost and Lifestyle

Discover the 5 states retirees regret moving to most due to high property taxes, soaring…

Read More →

15 Ways To Battle Loneliness In Retirement

The biggest fear of any retiree is to be alone and isolated. Unfortunately, more than…

Read More →

10 Crucial Things to Consider If You Plan on Retiring in the Next 5 Years

Can you reduce your spending? Obviously, income is important. But how much of that income…

Read More →

12 of the Fanciest Retirement Home Communities and Their Rent Prices

Explore 12 of the fanciest luxury retirement communities in the U.S., including entrance fees, monthly…

Read More →

We Found The Best 20 Neighborhoods for Retirees

16. Charlotte Park — Nashville, Tenn. The first thing you need to know about Charlotte…

Read More →
An older couple smiling as they unpack boxes in a sunlit living room with desert views outside.

What Happens to Your Medicare If You Move to a Different State

Learn how moving to a different state impacts your Medicare Advantage, Part D, and Medigap…

Read More →
An active retired couple dancing at an outdoor community concert in a charming town square during a golden sunset.

7 Retirement Towns With The Best Free Community Events Year Round

Discover the top seven retirement towns across America that offer incredible free community events, keeping…

Read More →

11 Seniors Worthy of Admiration

Let’s take a moment to sit and ponder: one in seven adults in America today…

Read More →
A silver motorhome parked on a scenic desert ridge at sunset, overlooking a vast canyon under a purple and orange sky.

8 Retirement Destinations Perfect For RV Lovers

Hitting the open road offers an unmatched sense of freedom, turning your golden years into…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.