Test Your Knowledge – Truth & Reconciliation by Charles Curl March 24, 2025 What do you know about Financial Abuse? Financial abuse is one of the most common forms of elder abuse, involving exploitation of money, property, or financial control.Question 1) True or False - Financial abuse is limited to outright theft of money. True False Incorrect. The answer is False. Financial abuse can also involve coercion, misuse of power of attorney, or restricting access to funds.Correct. The answer is False. Financial abuse can also involve coercion, misuse of power of attorney, or restricting access to funds.Question 2) True or False - A caregiver misusing power of attorney for personal gain is an example of financial abuse. True False Correct. The answer is True. Financial abuse can also involve coercion, misuse of power of attorney, or restricting access to funds.Incorrect. The answer is True. Financial abuse can also involve coercion, misuse of power of attorney, or restricting access to funds.Question 3) Yes or No - Laura’s son convinces her to sign over her house, promising it’s for “tax reasons,” but later evicts her. Is this abuse? Yes No Correct. The answer is Yes. Coercing a senior into signing over assets without understanding is financial abuse.Incorrect. The answer is Yes. Coercing a senior into signing over assets without understanding is financial abuse.Question 4) True or False - Financial abuse often occurs at the hands of someone the senior knows and trusts. True False Correct. The answer is True. Abusers are often family members, caregivers, or close acquaintances.Incorrect. The answer is True. Abusers are often family members, caregivers, or close acquaintances.Question 5) Yes or No - John’s caregiver asks for his bank card to purchase groceries. John later notices large, unexplained withdrawals from his account. Is this an example of financial abuse? Yes No Correct. The answer is Yes. Unauthorized use of a senior’s bank account constitutes financial abuse.Incorrect. The answer is Yes. Unauthorized use of a senior’s bank account constitutes financial abuse.
