Tuesday, November 17, 2009

Financial Abuse of Seniors

This from a note from a client of mine re his relative:

"when I showed up just before lunch today, she was in the middle of a harrangue from a woman from one of those charities that have been sucking her dry for all these years. It sounded like my aunt was trying to get a word in edgewise but wasn't having much luck. I decided to pick up the other phone and the first words I hear are, '...but Mrs. --, the children need....' "

Lucky for my client, her money is being handled by a power of attorney, not by her.

This is a prime example of the risk seniors are at from "legitimate" charities. Legitimate? Maybe. Ethical? Not at all.

In July, 2008, I wrote about this in my newsletter, Elder Voice. Here is the link: