Guide to Understanding Financial Abuse

This guide outlines the concept of financial abuse, which occurs when money is used to exert power and control over another individual. It emphasizes that anyone can be vulnerable to such abuse, particularly older individuals and those with cognitive impairments. The document details various forms of financial abuse, including the improper use of a Power of Attorney, unlawful access to funds, and coercive actions that may lead to financial exploitation. Warning signs of financial abuse are also presented, such as unusual transactions, pressure to withdraw cash, and unpaid bills despite agreements for payment. The guide aims to assist individuals in recognizing potential financial abuse and encourages the establishment of a support team comprising trusted contacts in healthcare, banking, and legal services. Additionally, it provides information on available support services for those experiencing financial abuse, including emergency contacts and specialized support resources.