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Fighting Financial Exploitation

When the elderly are unable to manage their finances or estates, they often have to put trust in a caregiver. While many situations are safe and handled responsibly, sometimes a caregiver ends up financially exploiting his or her situation, costing the elderly person in his or her care undue stress and financial problems. Financial exploitation is an unfortunate reality for many of the elderly in Chicago, but an elder law attorney, such as those at Peck Ritchey, LLC, can help victims fight back against exploitation.

Examples of Financial Exploitation

A caregiver may be able to commit financial exploitation in numerous ways, but there are two examples that seem more common in these cases. These examples involve:

  • Caregiver Theft
  • Undue Influence

Theft is relatively simple to understand, but undue influence may need a bit of explanation. Basically, it refers to a caregiver inappropriately using his or her position to convince an elderly person to give or leave money/assets to the caregiver. This could be done through threats or coercion, or more subtle tactics. In any case, no one should ever be financially exploited, and victims can fight back.

Contact an Elder Law Attorney in Chicago

If you or someone you know has suffered financial exploitation under a caregiver, the elder law attorneys of Peck Ritchey, LLC, may be able to protect your rights and interests. Contact our offices in Chicago today by calling (312) 201-0900, and we can set up a consultation for you to learn about your legal options, as well as discuss the best action to take right now.

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Attorney Kyle Fahey handled our matter with skill and professionalism, and was always responsive. 10/10, would work with him and the firm again.

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I solicited Peck Ritchey, LLC for assistance with a living trust for which I became the beneficiary. I needed assistance with understanding the details of how it all worked. However, I was especially concerned because there were threats of allegations made by family members and a lawsuit was filed against me. I needed a solid professional who had my best interests in mind. Peter Brady took my case and he managed it flawlessly. He explained everything in a way I could understand, he knew the law inside and out, he was always available to answer questions, and even offer support when things seemed like they could become extremely problematic. In addition to this, he had a plan. He navigated the course as if he already knew the next move by the opposing attorney. He made me feel like everything was in control and that’s because he knew exactly what he was doing and he consulted with me about everything. We ended up settling out of court and ultimately the court officially dismissed the lawsuit. I honestly believe if it wasn’t for Peter and his expertise this could have gone in an entirely different direction. Peter did a stellar job and I couldn’t be more pleased and impressed with his performance.

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