Money Box Live: The complexities and consequences of financial abuse, Money Box – BBC

[Legal Beagles]

Financial abuse happens in situations where someone you know has excessive control over your money. Examples include using your credit or debit cards without your permission, being asked to justify everything you spend, being encouraged to make changes to your will or a misuse of funds via a lasting power…
Read More -> Money Box Live: The complexities and consequences of financial abuse, Money Box – BBC Radio 4


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[Snoopy1948]

Re: Money Box Live: The complexities and consequences of financial abuse, Money Box –

I remember when I worked as an outside officer in local government, we had a days course in identifying and reporting all forms of child abuse and most of us concluded that simple common sense was probably all we needed, and a keen eye! But financial abuse is a different thing and requires different levels of awareness and available information.

I guess its its a vast field and can happen in so many ways, many of them criminal and may be difficult to detect, especially if you're a victim, and can happen without safeguard in most circumstances. I remember when my late mother set up a power of attorney for me, her solicitor made a home visit and actually demanded reassurance that she could trust me ! So that's a good start.

I don't recall anyone reporting instances of financial abuse to me personally but I can see that it could be almost abuse by stealth in many cases. Except the case of the housewife giving her husband £40 a week for his 'beer/pocket money' .... Now that's creative accountancy!