“physical, sexual, or psychological abuse, as well as neglect, abandonments, and financial exploitation of an older person by another person or entity, that occurs in any setting (e.g. home, community, or facility), either in a relationship where there is an expectation of trust and/or when an older person is targeted based on age or disability.”
There are several state and federal laws governing nursing home neglect and elder abuse: The Elder Justice Act was signed into law by President Obama on March 23, 2010, as part of the Patient Protection and Affordable Care Act. It provides federal resources to “prevent, detect, treat, understand, intervene in and, where appropriate, prosecute elder abuse, neglect and exploitation” to be overseen and managed by the Department of Health and Human Services.
The act requires the establishment of the Elder Justice Coordinating Council, the establishment of an advisory board on elder abuse, the establishment of elder abuse, neglect, and exploitation forensic centers, the enhancement of long-term care, funding to state and local adult protective service offices, grants for long-term care ombudsmen programs and for evaluation of programs, programs to provide training, and grants to state agencies to perform surveys of care and nursing facilities.
If you or someone you know is involved in an elder abuse lawsuit and you need money now to pay bills, put food on the table or pay rent, fill out our quick application and a Thrivest Link Specialist will get back to you as soon as possible.
Elder Abuse & Nursing Home Neglect Stats
There have been a handful of studies on the prevalence of elder abuse many of which approximate in the 10% range and include physical abuse, psychological abuse, verbal abuse, financial exploitation, and neglect. A recent New York based study estimates that some 260,000, or one in 13, elders in the state of New York had been victims of at least one form of elder abuse the previous year. The same study found that major financial exploitation was self-reported at a rate of 41 per 1,000 people surveyed. Additionally, it was estimated that for every case known to programs and agencies, 24 more cases go unknown.
Making matters worse is elder population estimates for the foreseeable future. The 2010 United States Census recorded 40.3 million people age 65 and older, the greatest number in United States history. Because the Boomer generation is to continue for the next couple of decades, it is estimated that by 2050, the population of citizens aged 65 and over will be nearly 84 million people.
Elder Abuse Accident Pre-settlement Funding?
Thrivest Link Legal Funding, LLC understands that life doesn’t slow down when you’re involved in a lawsuit. Day-to-day living expenses still need to be met without the worry of “how” or “where.” When you need money, we’ll make our best effort to provide you with financial options to ensure you receive the optimal result for your elder abuse lawsuit without having to settle for less because of financial pressure. Is legal funding right for you? Before you make a decision, download our Legal Funding Guide and utilize our Legal Funding Calculator.
Thrivest Link Legal Funding
The legal funding application and underwriting process is quite simple but the speed is entirely dependent on the availability of your attorney. First, you simply fill out our quick form or our full application.
From here, a Thrivest Link Legal Funding Specialist will reach out to your attorney and gather any necessary paperwork related to your case.
Third, after the paperwork is gathered the file will be analyzed by our underwriting department and if approved Thrivest Link will create a contract that must be signed by both the plaintiff and attorney. And finally, once the signed contract is returned, Thrivest Link can send the pre-settlement advance via check, debit card, or wire.
Legal Funding Benefits
The financial strain that comes along with a elder abuse claim often times forces a plaintiff to settle for much less than the case is worth. Thrivest Link alleviates that strain by providing quick, easy and affordable access to non-recourse funding for everyday living expenses. Unlike may competitors, funding decisions take hours, not days. And, you can use the money however you choose.
If you lose, you don’t owe anything
No invasive credit check
Faster than a typical bank loan
Simple streamlined administrative process
No monthly payments
No affect on credit score
The Thrivest Link Difference
At Thrivest Link Legal Funding, we provide flexible financial options to help you meet your cash flow needs. Our friendly staff of funding experts guides each client from beginning to solution. We adhere to the principles of Quality, Honesty, Community, and Creativity. If you think our pre-settlement elder abuse legal funding solutions could be the right fit for you, please call one of our funding specialists at 888-697-7352. Or to apply online, simply Click Here and legal advance specialist will get back to you as soon as possible.
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