HI HB432

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

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

Defines "elder" as a person 60 years of age or older.

Defines "financial exploitation" to include misuse of power of attorney, unauthorized taking of personal assets, and misappropriation of money from personal or joint accounts, committed through coercion, manipulation, threats, intimidation, misrepresentation, or undue influence.

Takes effect July 1, 2075.