Power of attorney abuse

The abuse of a power of attorney is one of the most widespread financial problems of the elderly and their families. A durable power of attorney, known as a POA, allows people to designate an agent to take care of financial and property transactions if they become incapacitated and unable to take care of themselves. The POA authorizes an agent to pay bills, change documents, write checks, enter into contracts or buy and sell their house. The purpose is to help people unable to attend to their own affairs. In most cases, it works. When POA goes wrong, wealth and savings can be lost, families torn apart and lives ruined.

Articles About Power Of Attorney Abuse

7 Legal Issues That Caregivers Face
Real legal battles and issues that can happen to any caregiver and their elderly parents.

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Q&A with the Experts on Power Of Attorney Abuse

Dad has Alzheimer's. Is it too late for him to name a power of attorney?
If your father's Alzheimer's disease has progressed to the point that he is unable to understand the concept of giving you the right to make his financial decisions, it is too late for him to sign a Power of Attorney (POA).
How can a long-distance caregivers watch for signs of elder abuse from a home care worker?
I would hire a geriatric care manager who lives very close to your father, and can be your onging eyes and ears in your absence.
What does a legal guardian do?
The term “legal guardian” has different meanings in different states. Guardianship (or conservatorship) covers an elderly ‘s money, safety and/or welfare.

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