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Your email address will not be published.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 an open health roadmap planner on a desk overlooking a winding coastal path with a walking couple. 9 Medical Tests Seniors Can Ask About Covered by Medicare
  • A smiling older woman in a sunlit kitchen reads a health benefits booklet next to delivered medical and wellness supplies. 12 Medicare Advantage Perks Retirees Forget to Use
  • Smiling older couple shopping for apples at a busy outdoor autumn farmers market in a historic town square. 11 Perks of Retiring in a Small Town Instead of a Big City
  • An older man wearing an apron carves a floral design into a linoleum block on a wooden workshop table. 9 Free Classes and Courses Retirees Can Access Locally
  • Senior woman repairing an intricate antique wooden clock with fine tools in a sunlit workshop. 7 Social Security Myths That Refuse to Die
  • A woman sits at a kitchen counter inserting a hardware security key into her laptop for two-factor authentication. 7 Signs Your Social Security Account Needs a Security Check Right Now
  • An older woman on her front porch reads a county property tax statement while holding a pen. 10 Property Tax Relief Programs Seniors Should Apply For
  • Mature man wearing safety glasses and an apron tests a solar power inverter circuit board in an electronics workshop. 8 Paid Training Programs for Low-Income Workers Over 55
  • Man at a wooden table holding a Health Savings debit card beside a tablet displaying an HSA balance and benefits documents. The One Account Where the IRS Lets You Avoid Taxes Three Ways
  • Watercolor illustration of a scenic riverside town commons with a church, library, shops, and gathered residents at sunset. 10 Affordable Retirement Towns With Strong Faith and Community Groups

Newsletter

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

Related Articles

A retired couple looking out from a balcony during golden hour.

30 Dangerous Things to Your Retirement

Discover the 30 most dangerous threats to your retirement savings, including hidden tax traps, Medicare…

Read More →

10 Ways To Make the Most Out of Life as a Retiree

Volunteer Though most of us wish to volunteer at one point or another, our busy…

Read More →

Retiring Soon? Here’s How To Find the Perfect Home in Retirement

A happy retired couple strolls past a local wellness center and apothecary in their vibrant…

Read More →

10 Ways These 3 Virtual Assistants Can Improve the Lives of Seniors

HELP INDIVIDUALS WITH EARLY ONSET DEMENTIA In-home virtual assistants are great tools for engaging loved…

Read More →

Thinking of Retiring Early? These Real-Life Tips Can Help You Do Just That

A woman explores her passion for painting in a bright studio filled with plants and…

Read More →
Two senior neighborhood watch volunteers in a golf cart patrol a residential street past a neighborhood watch sign.

12 Retirement Towns With Strong Neighborhood Watch Programs

Explore 12 retirement towns with exceptional neighborhood watch programs, active citizen patrols, wellness checks, and…

Read More →
An illustration of an older couple looking out over a historic European town from a quiet cafe balcony.

4 Most Overrated (and Overpriced) Travel Destinations for Seniors – And Where to Go Instead

Discover why famous spots like Paris and Venice are overrated for older adults, and explore…

Read More →

9 Costs You Should Consider When Drafting Your Retirement Budget

Food You can reduce your food costs in retirement without starving yourself in the process.…

Read More →
A candid photo of a grandmother and grandson laughing while playing at a kitchen island in a busy, warm family home.

The Rise of Multi-Generational Living: Why Retirees Are Moving in with Family

Discover why more retirees are choosing multi-generational living to share financial burdens, combat isolation, 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.