Financial elder abuse refers to the unfair benefits one gets in terms of monetary resources from older people. Thus, the risk of financial elder abuse involves one party taking advantage of another, who usually places a level of trust in them. In other cases, this risk can portray itself when a person tricks a principal into appointing him or her as the power of attorney. Nonetheless, financial elder abuse gives a false sense of entitlement to someone else’s assets. In extreme scenarios, financial elder abuse may involve threats. Some of the individuals who can commit financial elder abuse in estate planning include family members, caregivers, or even business associates.