Elder Law Prof Blog: Senior Abuse Financial Tracking and Accounting (SAFTA) Toolkit (February 2, 2022)

Rebecca C. Morgan, of Stetson University College of Law, has made available for download her article, “Senior Abuse Financial Tracking and Accounting (SAFTA) Toolkit,” which brings attention to the Department of Justice Elder Justice Initiative’s release of the SAFTA toolkit. The article begins as follows:

The Department of Justice Elder Justice Initiative u has announced the release of Senior Abuse Financial Tracking and Accounting (SAFTA) Toolkit.

Guided by the adage “A picture is worth a 1000 words”, the Senior Abuse Financial Tracking and Accounting (SAFTA) tool provides elder justice professionals with a simplified forensic instrument for illuminating suspicious financial patterns and facilitating the prosecution of suspected elder financial exploitation. Developed by a forensic accountant, the SAFTA tool is an Excel macro-enabled worksheet into which financial records are entered and pivot tables and graphs are automatically created to provide a visual depiction of financial data. The tool is downloaded onto the user’s computer to ensure a secure working environment. SAFTA is not intended to turn law enforcement officers into forensic accountants. Rather, it is designed to enable law enforcement officers to gather financial records and convert those records into forensically relevant visual depictions of the financial records. SAFTA works best on cases of low to moderate complexity.

To view the full article, click here: Senior Abuse Financial Tracking and Accounting (SAFTA) Toolkit

Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal

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