A number of states have laws like this on the books, but they vary widely. According to the National Conference of State Legislatures, which tracks such laws, this type of financial abuse is an active topic in state capitals. Last year, 33 states, as well as the District of Columbia and Puerto Rico, considered measures against the illegal or improper use of seniors money, property or assets, in addition to fraud or identity theft targeting the older people. Some states have shored up their existing laws. Last year, Idaho revised its definition of neglect of vulnerable adults to include exploitation. Illinois extended the statute of limitations to seven years from three for prosecuting a person accused of taking financial advantage of an older person or a person with disabilities. Also, last year, Alabama passed the Protection of Vulnerable Adults from Financial Exploitation Act, to add a layer of protection to existing laws by requiring brokers and investment advisers who believe a vulnerable adult is being exploited to notify the Human Resources Department and the Alabama Securities Commission. The National Conference of State Legislatures keeps a scorecard of such laws, and, as it turns out, Washington is among about a dozen states that do not define financial exploitation of older people as a specific crime. Absent such a provision, it is more difficult, prosecutors say, to cobble together the pieces of evidence required to convict a wrongdoer, such as a financial audit or competency evaluation. As the number of older, wealthier people grows, so does the number of people eager to prey on them.
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