Sec. 2.1. As used in this chapter, "financially vulnerable adult" means an individual to whom one (1) or more of the following apply:
(1) The individual is at least sixty-five (65) years of age.
(2) The individual is:
(A) at least eighteen (18) years of age; and
(B) incapable, by reason of:
(i) mental illness;
(ii) intellectual disability;
(iii) dementia; or
(iv) other physical or mental incapacity;
of managing or directing the management of the individual's property.