Tag: senior financial abuse
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Senior Under Guardianship: Target for Fraud?
Sleazy schemes often target people at their most vulnerable. Perhaps the most vulnerable time in all of our lives comes in old age. At some point, older deed holders who want to manage the value of their property become likely to lose the capacity to do so. One legal mechanism for carrying out an impaired person’s business…
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Senior Financial Exploitation: Living Trust Scams
It’s a common idea that probate should be avoided at all costs. And that a revocable living trust is the way to get around probate. Some people are packaging these ideas and marketing them. You might receive an invitation to a free seminar, or an event at a local home, where a living trust is…
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When Protectors Become Predators: Exposing Professionals Who Exploit Their Senior Clients
A few months ago in Miami, a real estate agent misused the power of attorney against a client. The agent bequeathed himself $1.6 million in oceanfront real estate that belonged to this customer, according to investigators. Also this year, in Western Kentucky, an elder law specialist pleaded guilty to exploitation of an older adult, and…
