Elder Financial Abuse Awareness: Protecting Seniors from Exploitation

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• Sharp Asset Management Inc.

• Elder Financial Abuse Awareness Protecting
  Seniors from Exploitation

• 416-722-9009

• contact_at_sharpasset.com

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• What Is Elder Financial Abuse?

• Financial exploitation is the most common form of
  elder abuse.
• Lack of a strict definition, but a shared
  understanding.
• Occurs when someone takes control of a senior's
  belongings for personal gain.
• Involves money, property, and personal
  information.
• Highlighting the ethical and legal violations.

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• Key Characteristics of Elder Financial Abuse

• Unauthorized control over finances.
• Forging signatures or manipulating documents.
• Coercion, intimidation, or undue influence.
• Misusing a senior's funds for personal expenses.

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• Impact and Consequences

• Emotional toll on the elderly.
• Erosion of trust within families.
• Financial hardship for the victim.
• Potential loss of assets and financial security.
• To find out more, click here https//www.sharpass
  et.com/what-is-elder-financial-abuse-how-to-avoid-
  becoming-victim

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• Factors Contributing to Elder Financial Abuse

• Vulnerability due to age-related cognitive
  decline.
• Isolation and lack of social support.
• Dependence on caregivers or family members.
• Misplaced trust in individuals who take advantage.

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• Prevention Strategies for Elder Financial Abuse

• Strengthen communication within families.
• Educate seniors about potential risks.
• Appoint a trusted financial guardian or power of
  attorney.
• Regularly review financial statements and
  accounts.
• Be cautious of unsolicited offers or requests.
• Consult the professionals at Sharp Asset
  Management in Toronto

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• Contact us

• 21 Greenwin Village Road, Toronto, Ontario, M2R
  2R9

• P.O BOX 74539 Humbertown Centre,
• 270 The Kingsway Toronto, ON M9A 5E2

• 416-722-9009

• contact_at_sharpasset.com

• www.sharpasset.com

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• Thank you