Astor Financial Elder Abuse All Too Common, Says Elder Law Attorney
Bloomfield Hills, MI (Law Firm Newswire) May 15, 2013 – The prosecution of a high-profile case of elder financial abuse is the exception, not the rule.
The New York appellate court recently upheld the majority of a 2009 conviction against the son of the late philanthropist Brooke Astor. Anthony D. Marshall had been charged with financially defrauding Ms. Astor, his mother, in part by forging her name on a will.
Marshall, scheduled to go to jail for one to three years, was convicted of stealing his mother’s fortune when she was no longer physically or mentally competent. His lawyers unsuccessfully argued that Marshall, 88, was too old to go to prison.
“Most financial exploitation of the elderly is never reported or prosecuted,” commented Michigan elder law attorney Christopher Berry.
Adult protective services advocate and law enforcement officers across the U.S. agree financial exploitation and abuse of the elderly is on the rise.
There are common warning signs which may indicate that someone is a victim of financial elder abuse: there is missing property, unexplained withdrawals from a banking account, or new transfers to another, unexplained account; bills start going unpaid when someone else has been designated to pay them;lavish gifts are being purchased or there is a new spending pattern which is unusual; an elder has a new friend, coinciding with their sudden social isolation or a new hesitancy regarding socializing without that new friend; a new friend becomes a cosigner on a bank account; there is unusual interest in the elder’s finances by a relative, neighbor or friend; and there is a sudden change in hygiene or a halt of purchases of groceries or personal grooming items in conjunction with any of the above listed signs.
None of these signs definitely indicate financial abuse, but may be considered red flags and potentially concerning, elder advocates say.
Elder financial abuse happens to individuals who may be ill or confused, which puts them at risk of being preyed upon. Many times an elderly individual may suspect something is “not quite right,” but is too embarrassed to tell anyone else or may be in denial, because the abuser offers companionship or protection, or may be threatening them either overtly or covertly. And surprisingly often, as in the Astor case, the financial abuser is a family member.
Learn more at http://www.michiganelderlawattorney.com/
The Elder Care Firm of Christopher J. Berry
2550 S Telegraph Rd.
Bloomfield Hills, MI 48302
Toll free: 855-41-Elder (855-413-5337)
- Michigan Veterans Benefits for Home Care
Many Michigan families do not realize that there are Veterans Benefits available to pay for home care, care contracts and assistance in the home for seniors. As one of the few Certified Elder Law Attorneys in Michigan, my practice is devoted to helping seniors, veterans and their families navigate the long-term care legal maze. A […]
- Alzheimer’s Disease Explained in Video
Here is a short 3 minute video that helps explain the process of Alzheimer’s Disease. You can watch the video at http://alzheimersawareness.net/understanding-alzheimers-in-three-minutes/#KzUOgAZCM1GRhlIh.01 As a Michigan elder law attorney who helps many of my clients navigate the long-term care maze involving transitioning from home care, to assisted living, to memory care, to nursing home care, I know […]
- Dementia Research Under Threat Over Lack of Funding
By Chris Berry Insufficient funding is threatening imperative research work into dementia. A number of projects are facing closure while arduous scientists may have to quit as a result of not being able to make a regular living wage. (Related: Obamacare’s Impact on Medicare Advantage) According to Shadow Health Minister Andrew Gwynne the government is largely […]
- Americans Discovering Their Parent’s Dementia Over the Holidays
A recent report has revealed that thousands of Americans are likely to first recognize signs of their parents’ dementia while visiting with them during the holidays. (Related: Websites for Family Caregivers) “Shortly after arriving home from the airport, an estimated tens of thousands of adults will invariably witness one or both parents forget something that just […]