${site.data.firmName}${SEMFirmNameAlt}
Contact Us For A Consultation
302-644-7181 Lewes
302-697-4900 Camden

How estate planning can guard against financial elder abuse

We often discuss the importance of setting up trusts or writing a will early on in life in order to have all your ducks in a row, so to speak. But oftentimes there are individuals that hit their 70s and 80s without any sort of estate plan or long-term care plan in place. In these situations, there is often an adult child or a friend who starts trying to figure out a way to help the aging adult.

The hope is that the individuals who care for the elderly person will be able to become a guardian for their parent or friend and be able to help them out with decisions that relate to their medical care and their financial well-being. Unfortunately, there are some individuals that take advantage of this position of power and use it to their benefit.

Recently, a 62-year-old woman in another state was sentenced to jail time after she apparently stole money from an 82-year-old man. She was the man’s caretaker for quite a long time and she oversaw the man’s rental properties.

According to a news report, the woman skimmed rental checks and overcharged for services and items during a three-year span of time. She also wrote unauthorized checks to herself. Thankfully one of the man’s tenants was able to look at his financial statements and noticed an issue. He told the man to report the financial abuse.

While we all hope that this kind of financial elder abuse rarely happens, the elderly are often easy targets for those who want to take advantage of their situation. Family members who are helping their loved ones set up their estate plan may want to work with an attorney to make sure that anyone involved in helping their loved one with his or her medical and financial needs is a person they can trust.

No Comments

Leave a comment
Comment Information

What Our Clients Say About Us…

My wife and I would like to take this opportunity to highly recommend the legal practice of Bonnie Benson and her very professional staff… Bonnie and her staff are organized, engaged in the client's case and they communicate effectively.

Read More
Latest Blogs
Get The Help Now

Need Answers Now? Contact Us Immediately

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

your success. our commitment. elder counsel excellence in elder law  and special needs state bar delaware association

Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
Camden Law Office Map

Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
Lewes Law Office Map

We Accept visa mastercard discover network
Review Us