Home | Industry+Policy | Guide to stopping financial abuse of people with Alzheimer’s

Guide to stopping financial abuse of people with Alzheimer’s

Alzheimer’s Australia NSW has alerted the public to the signs that someone with dementia is being financially abused.

Alzheimer’s Australia NSW chief executive John Watkins said whilst it’s hard to know the identifiers of financial abuse, there are some signs it might be occurring, including red flags such as new or unfamiliar signatures on cheques and documents or changes to a will.

“If you do have misgivings, you should do something about it. If you come across it, ask questions,” Watkins said.

This advice comes with a resource to help people understand financial abuse and learn ways to protect themselves or the person for whom they care.

The Q&A sheet, “Preventing Financial Abuse of People with Dementia”, is based on a discussion paper on the issue released last year. It details what financial abuse is, lists some of the signs, and identifies ways people can protect themselves, their loved ones or those for whom they care.

In an interview with Aged Care Insite, Watkins said the government needs to put measures in place that can protect people with dementia from financial abuse.

“The Guardianship Tribunal can do that to a point, but we’d like to see an advocate established who specifically has responsibilities to look after people with dementia and put in place preventative schemes, frameworks to help people prevent it and, if it does happen, [the means] to address it urgently,” Watkins said.

Do you have an idea for a story?
Email [email protected]

Get the news delivered straight to your inbox

Receive the top stories in our weekly newsletter Sign up now