Money problems can cause fights and arguments within even the most tight-knit families - but what do you do if you think someone is stealing from an elderly relative?
There are several signs to watch out for if you suspect financial abuse, as we explain in our latest Money Talk article.
For example, a lot of unexplained withdrawals or big changes that come out of the blue, such as an elderly relative switching banks.
You should also keep an eye out for signs that a vulnerable family member is going without, despite them having the cash to buy what they need.
Of course, these signs don’t definitely mean someone is being financially abused - but it could be a reason to start asking questions.
Sadly, new research from data company Semrush shows that searches on Google for “what is financial abuse definition” rose by 78% between 2020 and 2021.
Searches for “financial abuse by family members” shot up 100% between 2020 and 2021.
‘The worst thing you could do is do nothing’
If you suspect financial abuse from a sibling or any other family member, and you have a good relationship with that person, you should talk to them as soon as possible.
“The worst thing you could do is nothing,” said personal finance expert and editor-in-chief of Lendingexpert.co.uk, David Beard.
“If you suspect your brother or sister is stealing from your parents or grandparents, the first thing you should do is talk to your sibling about it.
“Don't make it a confrontational question in case there's a reasonable explanation, and try to remain open-minded, no matter how angry you might feel.
Do you know someone who has experienced financial abuse? Let us know: mirror.money.saving@mirror.co.uk
“Casually ask about the missing money, and their response should give you an indication of whether or not it was done deceptively.
“Your sibling could be in financial difficulty - asking may open the flood gates, helping you assess whether your sibling needs help.
“If they admit to stealing the money, try suggesting it's paid back in instalments if they're struggling financially.”
If your parents or grandparents have noticed themselves, you may need to reassure them you're looking into it on their behalf.
If your sibling denies stealing, but you continue to see evidence that money is missing, it could be time to seek advice from either Age UK, your local council or the police.
There is also the Action on Elder Abuse helpline which can be reached on 0808 808 8141.
“Sadly elderly abuse isn't uncommon, but The Care Act 2014 sets out clear duties for your local council to protect the elderly from financial misuse,” said Mr Beard.
“If you report abuse to them, they should listen to the information you provide and assess what action is required.”
