An interesting article came out today by the Associated Press about how professionals who combat financial abuse against seniors can hold up the Brooke Astor verdict to raise awareness of the growing epidemic. You can read the article here.
Jennifer Peltz, who wrote the article, discusses how advocates against financial exploitation of the elderly hailed the verdict and how it is far from alone. She points that there have been many other famous cases involving the rich, such as J. Steward Johnson (heir to the Johnson & Johnson fortune) and Anna Nicole Smith versus the son of her late 90-year-old billionaire husband.
The really sad part is that this problem affects many more than the wealthy in America. Indeed, with our country’s troubled economic times, the problem of people stealing from and coercing seniors out of their money is getting worse and worse. And the best prevention is for families to be proactive and protect their aging loved ones, especially once there is a diagnoses of dementia or Alzheimer’s