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Your email address will not be published.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

  • A senior woman walks her dog safely at dusk through a well-lit, peaceful suburban neighborhood with glowing street lamps. America's Safest Towns To Retire To, Ranked By Crime Rates
  • A collage showing a 'Perfect Retirement' blueprint peeling back to reveal complex financial ledgers and medical charts underneath. 8 Retirement Plans That Sound Good But Rarely Work Out
  • A panoramic sunrise view of a misty Pacific Northwest coastline with evergreen forests and distant snow-capped mountains. 12 Most Beautiful Retirement Destinations in the Pacific Northwest
  • A retired couple in hiking gear stands on a rocky mountain overlook, gazing at a vast valley with a winding river and snow-capped peaks. 12 Best States in America for Retirees Who Love the Outdoors
  • A man in his 60s working in his sunlit woodshop, representing the active and purposeful nature of unretiring. 8 Honest Reasons Why Some Retirees Are Going Back to Work in 2026
  • A retired couple stands in their empty, sunlit living room next to a moving box, looking out at a sold sign in the yard. 8 Reasons Retirees Regret Moving Too Close To Family
  • 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
  • A retired couple enjoying coffee in their bright, modern, and uncluttered downsized kitchen with soft morning light. 8 Monthly Bills Retirees Successfully Cut After Downsizing
  • A sunlit porch featuring a telescope, an art easel, a flight bag, and a basket of vegetables, overlooking a green valley. 8 Retirement Communities Built Around Unusual Hobbies
  • 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

Newsletter

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

Related Articles

Watercolor illustration of a multigenerational family on a vintage porch in warm golden light.

16 Ways Retirees Lived Without Social Security in the Past

Explore how older Americans survived before 1935 and learn timeless historical retirement income strategies to…

Read More →

10 Military Communities Where Vets Can Happily Retire

San Antonio, TX – If you’re looking for a place that’s livelier, you’ll enjoy living in…

Read More →
A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work.

20 Great Part-Time Jobs For Retirees

Explore 20 great part-time jobs for retirees, from remote consulting to outdoor work, and learn…

Read More →

19 Unsuspected Obstacles That Prevent You From Having a Worry-Free Retirement

A well-dressed couple carries luxury shopping bags through a busy street, illustrating the temptation of…

Read More →

The Best Places to Retire If You Can’t Save Up $1 Million

Memphis, Tennessee If music is a big part of your life, consider Memphis. You can…

Read More →
Why More Retirees Are Choosing Part-Time Work In 2026

Why More Retirees Are Choosing Part-Time Work In 2026

Discover why older adults are choosing part-time work in 2026, and learn how to navigate…

Read More →

10 Retirement Places Where Homes Cost Under $100K

Discover 10 affordable cities where retirees can buy homes for under $100,000, allowing you to…

Read More →

10 Do’s and Don’ts You Have to Consider Before Moving During Retirement

A diverse group of seniors enjoys coffee and warm conversation at a sunlit outdoor cafe…

Read More →
A man in his 60s working in his sunlit woodshop, representing the active and purposeful nature of unretiring.

8 Honest Reasons Why Some Retirees Are Going Back to Work in 2026

Discover the real motivations driving the unretiring trend in the USA, from outpacing inflation and…

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.