Choosing a nursing home for a loved one is a decision made with care and trust. You entrust the care of someone dear to you, expecting that organization and its staff to treat them with dignity and compassion. Unfortunately, not all nursing homes live up to these expectations. In Illinois, there have been instances where residents of nursing homes become victims of financial abuse. This exploitation is insidious and harmful, often occurring without the immediate family’s knowledge.
Sadly, the Consumer Financial Protection Bureau reports that as many as 15% of nursing home residents face financial abuse. Recognizing the signs of financial abuse can be challenging, especially when your loved one may not fully comprehend what is happening. However, awareness and vigilance can make a significant difference in protecting your loved one’s financial well-being.
Unusual financial activities
If you notice unfamiliar or unexplained withdrawals, transfers or expenditures from your loved one’s bank accounts, this may be a sign of financial abuse. Also, be wary of new loans or credit card balances that appear without a reasonable explanation.
Changes in legal documents
Should you discover alterations in wills, power of attorney or other legal documents without proper consultation or rationale, it may indicate someone is taking advantage of your loved one. Your loved one should make any changes in these documents should with full understanding and consent.
Personal belongings going missing
If personal items, especially valuable ones, begin to disappear from your loved one’s room, this might signal financial exploitation. Staff or other residents could take these belongings and sell them for personal gain.
Sudden friendship with staff
A sudden close relationship between your loved one and a particular staff member could cause concern. While friendships are healthy, if you notice special favors or undue influence, especially related to financial matters, you should take a closer look.
Fear or anxiety around finances
If your loved one seems overly worried or fearful about money without apparent reason, this could be a sign of financial abuse. It may indicate that someone is pressuring or manipulating them concerning their finances.
Protecting your loved one requires vigilance and prompt action. If you suspect any wrongdoing, speak with the nursing home’s management and consider involving appropriate authorities in Illinois. By recognizing the signs and acting decisively, you can help ensure your loved one’s financial safety and well-being in their nursing home.
