Over the past 20 years, states have enacted laws related to the abuse, neglect and financial exploitation of the vulnerable adults. Fortunately, states recognize that elder abuse is a real and growing issue and have enacted laws to protect its citizens. Most of these state laws provide and permit civil action against individuals, to include financial advisors, who exploit their elderly clients. For example, in Florida the legislature has enacted Chapter 825, titled Abuse, Neglect, and Exploitation of Elderly Persons and Disabled Adults. This was designed to protect elderly persons or disabled adults from individuals who stand in a “position of trust and confidence with the elderly person or disabled adult” or who “has a business relationship with the elderly person or disabled adult.” Most states have enacted similar legislation to protect older citizens of their states, and the United States Department of Justice had created a database of Elder Abuse and Elder Financial Exploitation Statutes which outlines the same. If you believe you have been the victim of elder abuse, please contact our office to speak with one of our attorneys to discuss your claim in more detail.
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