June 20, 2014

Research paper number 10- Alzheimer's NSW - Preventing Financial Abuse of People with Dementia

Discussion Paper 10 (Jun 2014)

Preventing Financial Abuse of People with Dementia

The financial abuse of people with dementia is a concern to Alzheimer's Australia NSW with staff hearing about numerous cases. This research was conducted to examine how the abuse occurs and what can be done to prevent or reduce the incidence of it. The Paper includes examples of financial abuse of people with dementia which highlight the ways in which it is perpetrated and the devastating effects it has for victims and their loved ones.
A number of possible strategies to reduce the incidence of financial abuse of people with dementia and to resolve cases satisfactorily emerged from the research. These include reporting of the abuse, and registration and monitoring of people appointed as an attorney under an Enduring Power of Attorney.
Preventing financial abuse of people with dementia (PDF 1MB)

This paper includes: Examples of financial abuse of people with dementia  --   Executive summary  --  Background and aims  --   What is financial abuse?  --   The prevalence of financial abuse of people with dementia  --  Why are people with dementia vulnerable to financial abuse?  --  The “red flags”: signs of financial abuse  --  The importance of planning ahead  --  Previous research  -- Alzheimer’s Australia NSW research project  -- Alzheimer’s Australia NSW research findings 17  --   Public awareness of financial abuse 17  --   How financial abuse occurs 17  --   Reporting of financial abuse   --   Investigation and resolution for victims  -- Implications   --   Legal profession   --   Banking and financial institutions   --   Police force  --   Community service providers   --   People with dementia and carers  --  Conclusion  -- Recommendations  --  Appendices  --   Helpful resources   --   Glossary  -- References  --  Other AlzNSW Publications  --  Graphs --   1. Who is more often identified as the perpetrator of financial abuse of people with dementia?  --  2. Relationship of perpetrator to victim of financial abuse     

This resource is also available for loan to members of AANSW -please email the Library on nsw.library@alzheimers.org.au

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