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Living Safely

Financial exploitation

Quick answer

Financial mistakes and exploitation frequently appear before the diagnosis is made.

Author:
Illinois Dementia Guide editorial team
Medically reviewed by:
Amarish Dave, DO, Board Certified Neurologist
Published:
August 2026
Last medically reviewed:
August 2026
Geographic relevance:
Illinois, United States

Why this matters

Money management is among the earliest abilities affected. Exploitation is often committed by someone known and trusted.

Warning signs

  • Unpaid bills or duplicate payments
  • Unusual withdrawals or new credit accounts
  • A new 'friend' or caregiver with financial involvement
  • Secrecy about money
  • Missing valuables

What families can do

  • Set up view-only account monitoring for a trusted family member
  • Establish power of attorney for property while capacity remains
  • Add transaction alerts and lower credit limits
  • Freeze credit reports
  • Consolidate accounts and simplify finances

When to get help

  • Illinois Adult Protective Services hotline: 1-866-800-1409 (24 hours)
  • Contact the bank's fraud department and local police for suspected theft
  • Consult an elder law attorney about guardianship if capacity is lost

Medically reviewed. Last reviewed August 2026. This page is educational information, not individualized medical advice.

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