Financial & Economic Abuse Solicitors

Financial abuse can be committed by anyone, at any time. This could include:

• Professionals, including: will writers, banks, attorneys, social workers (and others that have breached their financial duty)
• Spouses, friends, family and neighbours
• People employed to provide care

The impacts may not just be financial but also emotional. For older people they may feel violated, embarrassed, loss of self-esteem and betrayal which could led to social isolation and also link to negative health outcomes.

Financially it is much harder for older people to recover from financial abuse as they have less time and opportunity to work to rebuild assets.

Being well organised about your money is a good idea at all times.

This doesn’t need to be very elaborate.

Keeping all documentation in one place is simple but effective.

Another way to protect yourself is to keep a clear list of all your finances:

• Your spending
• Sources of income
• Debts
• Savings, investments or property

This makes everything much clearer if there is anything that is seems out of place and could be a clear indication of financial abuse taking place.

The first port of call is assessing to make sure that you have a case and that some/all of what has been lost can be recovered. Once this has been established, we can begin trying to recover anything that has been lost.

Unfortunately, the reality is that money or valuables stolen by family members and carers can be hard to recover. This is also more of a criminal issue and something that we do not deal with.

However, if someone in a position of power, a Deputy, Attorney or the bank, for example, has taken advantage of you or someone you love and has breached their financial duty, please contact our Dispute Resolution team on 01708 784000.