It is a growing concern that many elderly or vulnerable people are taken advantage of financially by others. The elderly are the most likely demographic to suffer financially due to a combination of increasing physical and mental frailty, reliance on others and the fact that they often have substantial savings. Such abuse can remain undetected for years because it is frequently perpetrated by close relatives, “friends” or others the victim held in a position of trust and confidence.
Taylor&Emmet’s team have successfully acted on behalf of victims of financial abuse, their relatives and estates in recovering property and assets wrongfully taken. Such examples include:-
- Recovery of money taken from a person’s account – including recovery from the perpetrator
- Where the perpetrator of financial abuse was a professional carer, their employer
- Setting aside Property Transfers (eg where the victim has transferred property to another or property has been purchased in the name of the perpetrator using the victim’s assets)
Such actions should only be commenced after taking expert legal advice due to the potential risks involved.
Court Proceedings can be not only expensive but also extremely time consuming and stressful. In many Inheritance, Will and Trust Disputes, family relations can also be strained and threat of court proceedings can only heighten such tensions. That is why at Taylor&Emmet we will discuss with you the potential for alternative methods to resolve matters including open meetings or mediations which often provide a quicker, more cost-effective method of providing clients with a satisfactory solution.