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Taxonomy: Financially Abused Adults

Adults who have been subjected to a form of abuse that involves stealing a partner's identity, money, credit or property, restricting access to financial resources, controlling how money is spent and/or forbidding a partner to work or attend school, all as a means of exerting control in the relationship and preventing the partner from leaving. Financial abuse (also known as "material abuse" and "economic abuse") is also an important component of elder abuse which may involve persuading an older person to sign a deed, will or power of attorney through deception, coercion or undue influence giving others control of the person's money, property and other assets. Conservators, caregivers, agents acting under durable powers of attorney, trustees, representative payees, financial planners, attorneys, family members and friends are potential financial abusers.

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