Can You Seek Compensation for Financial Exploitation in Florida?

Many people think of nursing home abuse and neglect as physical injuries, but this misconduct can also include acts that cause financial harm to a victim. Residents in nursing homes are at risk, especially when memory or mobility issues limit their involvement in finances. 

You can seek compensation for financial exploitation in Florida, as state law protects elders from financial abuse in care facilities. Victims or their families may file civil claims to recover stolen assets, legal costs, and emotional damages. Still, it’s critical to retain a Miami nursing home abuse attorney to assist with seeking compensation for financial exploitation in Florida. A summary should help you understand the serious implications.

What is Financial Exploitation in Miami Nursing Homes?

This form of misconduct happens when someone wrongfully takes or uses a resident’s money, property, or assets. This abuse often involves caregivers, staff members, or even fellow residents. Common tactics include forging checks, stealing credit cards, or pressuring the resident to change their will.

The Florida Adult Protective Services Act recognizes financial exploitation of the elderly as a severe form of abuse. Families who suspect misconduct should take action right away to protect their loved one’s economic well-being.

Warning Signs of Financial Abuse in Florida Elder Care Facilities

Recognizing financial abuse can be difficult, especially when the victim is afraid or unaware of what’s happening. Red flags in Florida elder care facilities may include:

  •       Missing cash
  •       Unpaid bills
  •       Unexplained changes to financial documents
  •       New “friends” managing the resident’s money
  •       Sudden changes in mood or confusion about finances

Family members in Miami should remain vigilant and regularly review their loved one’s bank records and legal paperwork. 

Who is Liable for Financial Exploitation in a Miami Nursing Home?

Several parties may be held liable for financial exploitation in a Miami nursing home. These may include individual staff members, facility administrators, or third parties like caretakers or visitors. If the nursing home failed to conduct proper background checks, supervise employees, or enforce safety policies, the facility itself may be responsible.

Under Florida law, victims or their families can pursue legal action against those responsible for the abuse and neglect that enabled the financial harm. 

Compensation Available for Victims of Financial Exploitation in Miami

Victims may be entitled to compensation under Florida civil law, and recoverable damages can include:

  •       Return of stolen funds
  •       Legal fees
  •       Damages for emotional distress

In some cases, punitive damages may apply if the abuse was particularly harmful or intentional. Filing a civil claim helps victims hold wrongdoers accountable and recover what was taken.

Discuss Options With a Miami Nursing Home Neglect and Abuse Lawyer

It’s possible to recover compensation for financial exploitation in assisted living facilities, so retaining a nursing home abuse attorney should be a priority. Acting quickly can help protect your loved one’s finances and stop further harm. At Gerson & Schwartz, PA, our legal team has decades of experience handling elder abuse cases throughout Miami, Fort Lauderdale, and West Palm Beach. For more information, please call (305) 371-6000 or visit our website to schedule a free, confidential consultation with a skilled attorney. 

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