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November 3, 2008

Financial Elder Abuse: Children Victimizing Their Parents (USA)

November 4, 2008
By Heidi Turner

Carlsbad, CA: When your parents reach their senior years, you probably expect that your family members will help you to take care of your parents—not make them victims of financial elder abuse. However, children can, and do, take advantage of their elderly parents for their own financial gain. Sophia P. (not her real name) says that her sister went behind her back to have their parents' trust changed, leaving Sophia out of the trust entirely.

"My mom and dad had a trust made in 1999," Sophia says. "Then my mom got Alzheimer's. There are 3 sisters—I'm the oldest and I took care of my parents for 25 years. I brought them and one sister into this country.

"My husband had a heart attack and I got busy with taking him in and out of the hospital. At the time, my father was over 80 and he was someone who would do anything to make people happy. My sister took him to an attorney and had him revoke the trust, which had been divided 3 ways.

My mother had passed away and my sister said I couldn't go to see my dad—I wasn't allowed to see him at all. His neighbors said they saw him alone at his house, falling out of his wheelchair—they would go over to help him—so my sister did not take good care of my dad. He actually died alone.
"When he passed on, my sister didn't call me. An aunt called me about it, so I was really hurt. And then, finding out that he had signed a new trust that said I had already been compensated, which was not true, hurt me. The new trust said everything was to be divided between my 2 sisters.

Abridged
SOURCE: Lawyers and Settlements - USA
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DISCLAIMER

Any Charges Reported on this blog are Merely Accusations and the Defendants are Presumed Innocent Unless and Until Proven Guilty.

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