If a financial abuse of an elder is discovered, what should be the first action taken?

In cases of financial abuse of an elder, the immediate priority is ensuring the safety and protection of the individual involved. Contacting local authorities is essential as they are equipped to handle such situations appropriately. They can investigate the claims, assess the circumstances, and intervene when necessary to protect the elder's financial and personal safety. The urgency of the matter means that waiting for confirmation or conducting an internal audit could potentially delay vital actions needed to prevent further harm to the elder.

Engaging the family or others may also be an important consideration later, but the first step should focus on alerting professional resources that have the authority and capability to address and manage the situation effectively. Therefore, involving law enforcement or local elder abuse authorities promptly is the most responsible action to take.