What is Financial Exploitation by Nursing Homes in Miami?

When you think of abuse and neglect in Florida nursing homes, your mind probably turns to incidents of physical, emotional, or sexual misconduct against residents. It is important to be aware of another form of mistreatment, which is the financial exploitation of vulnerable individuals. The US Department of Justice (DOJ) enforces multiple statutes related to the financial abuse of disabled, dependent, and elderly adults, including those in assisted living facilities. Those who violate the law can be subject to both criminal and civil penalties. 

However, there are additional legal remedies available to residents and their families in the event of financial exploitation. You may have a claim against the facility, its administration, employees, and any other at-fault parties. A Miami nursing home abuse and neglect attorney can assist in seeking justice. Plus, some background on the relevant legal concepts is helpful.

What is Financial Exploitation by Nursing Homes in Miami?

Financial exploitation occurs when a nursing home staff member, administrator, or third party improperly uses a resident’s funds, assets, or resources for personal gain. In Miami, common examples include:

·       Unauthorized withdrawals from bank accounts

·       Forged signatures on financial documents

·       Pressuring residents to make changes to wills or trusts

Under Florida law, this type of abuse is illegal, and victims have legal rights to hold perpetrators accountable. Families must remain vigilant to prevent such exploitation and protect vulnerable loved ones.

Signs of Fraud & Financial Abuse in Miami Nursing Homes

Recognizing the signs of financial exploitation is crucial. Some of the objective warning signs include:

·       Unexplained bank activity

·       Sudden amendments or revocations to legal documents

·       Unpaid bills

·       Missing possessions

In addition, residents may also display behavioral changes such as fear, confusion, or reluctance to discuss finances. These subjective factors are also concerning, regardless of whether the person presents symptoms of dementia or has been diagnosed with memory loss. Families should regularly review financial records and monitor any suspicious interactions involving their loved ones to catch fraudulent activity early.

Compensation for Victims of Nursing Home Financial Exploitation

Victims of financial exploitation in Miami nursing homes may be entitled to compensation for stolen funds, damages related to the abuse, and legal fees. Families can pursue claims against the responsible parties, whether they are individuals, nursing home administrators, or the institution itself.

Florida law offers remedies that may include reimbursement of financial losses and punitive damages. Consulting a qualified attorney experienced in elder abuse cases ensures that victims receive the justice they deserve.

Get in Touch with Our Miami Nursing Home Abuse and Neglect Lawyers Today

As you can see from this overview, financial exploitation in nursing homes is a serious issue that can harm your loved ones. If you suspect that a family member has been a victim of this kind of abuse in Miami, Fort Lauderdale, or West Palm Beach, Gerson & Schwartz, PA, is here to help. Our experienced elder abuse attorneys are dedicated to seeking justice for victims and their families. Call (305) 371-6000 or check us out online to schedule a free consultation and discuss your legal options.

Florida Justice Association
The National Center for Victims of Crime
outh Florida Legal Guide
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