HI HB432

Creates a new Class A felony offense for financial exploitation of an elder by a caregiver when the total value of money or property taken exceeds $50,000.

Defines "caregiver" as any person with temporary or permanent care, custody, physical control, supervision, or legal/contractual duty for an elder's health, safety, and welfare.

Defines "elder" as a person 60 years of age or older and "financial exploitation" as unauthorized taking, withholding, misappropriation, or use of an elder's money or property, including breaches of fiduciary duty, misuse of power of attorney, and unauthorized account transfers.

Specifies that financial exploitation can be committed through coercion, manipulation, threats, intimidation, misrepresentation, or undue influence.

Takes effect July 1, 2075.