What constitutes financial exploitation of a vulnerable adult?

Financial exploitation of a vulnerable adult involves the unauthorized use of their financial resources, which is precisely what the correct answer describes. This act typically occurs when one individual takes advantage of the trust and dependence that a vulnerable adult may have, often leading to significant harm or loss for that individual. The exploitation can involve direct theft, coercion, or manipulation, wherein the adult's consent is not obtained or is given under duress.

In comparison, while mismanagement of estate property and overcharging for services rendered can also negatively impact a vulnerable adult, they do not necessarily align with the defined concept of financial exploitation in the same explicit manner. Turning away loans lacking collateral, on the other hand, is a standard business practice and does not constitute exploitation of a vulnerable adult, as it does not imply any unauthorized use of their financial resources or lack of consent. Understanding financial exploitation is crucial for protecting vulnerable adults from potential financial and emotional harm.