Legal tools such as a durable power of attorney, a guardianship or a revocable trust can be among the most effective ways to keep an older adult's money safe from scammers, says James Ferraro, a vice president and trust counsel at Argent Trust Company, a wealth management firm headquartered...
Surveys have repeatedly found that financial exploitation is the most common type of elder mistreatment [1,58], and the loss of financial resources can be devastating for older adults. Despite this, there has been very little theory development in elder financial exploitation. Part of the problem ...
It includes financial products that offer insurance protection, wealth appreciation, wealth inheritance, and healthcare and senior care services, such as chronic disease management, health management, medical consultations and rehabilitation, residence security, guardianship and entertainment. “The strength ...
A Checklist of Things to Look for and Do Before Initiating a Protective Guardianship ProceedingA guardianship is considered an “absolutely necessary measure” to protect a frail, elderly person who needs assistance in making financial, legal, medical and other decisions. A guardianship...
Elderly personsExpert systemsJudicial decisionsCourts of lawLaw(Jurisprudence)EducationGoals;Table of Contents: State Intervention (The Philosophy of Intervention, ThePowers of the State to Intervene, Incapacity, The Need for Less Restrictive Alternatives, Hypothetical Cases); Alternatives To Guardianship (...
guardianshippower of attorneyMillions of Americans must deal with the affects of dementia on an elderly family member. Once a person develops dementia it creates an acute potential for finChristiansen, Matthew ASocial ence Electronic Publishing
She helped us secure a co-guardianship agreement with my stepmother that allows for me to watch over my father and participate in decisions about his future. In addition, the agreement gives me the ability to closely watch his finances to ensure he is never taken advantage of again. And one...
Abuse of guardianship or power of attorney: An authorized family member or caregiver uses his or her position to access the victim’s finances for personal benefit In some cases, the perpetrator may use threats or force to keep the victim silent, adding another layer of abuse to this tragic ...
Examples includeforgery, misuse or theft of money or possessions; use of coercion or deception to surrender finances or property; or improper use of guardianship or power of attorney.” Is financial exploitation a crime? The bill establishes the crime of financial exploitationof an older individual...
For over 40 years, Darpel Elder Law has successfully represented members of the elderly population and their families throughout Northern Kentucky in the areas of: Estate Planning Financial Planning Guardianship/Conservatorship Long-Term Care Planning ...