As used in this chapter, "financially vulnerable adult" means an individual to whom one (1) or more of the following apply:

1. (1) The individual is at least sixty-five (65) years of age.

2. (2) The individual is:

   1. (A) at least eighteen (18) years of age; and

   2. (B) incapable, by reason of:

      1. (i) mental illness;
      2. (ii) intellectual disability;
      3. (iii) dementia; or

      4. (iv) other physical or mental incapacity;

         of managing or directing the management of the individual's property.

As added by P.L.158-2017, SEC.7.