Stories of elder financial abuse wrongdoing in 2017 throughout America provide plenty of fuel for fireworks in estate and trust litigation. Let's imagine a meeting of elder financial abuse victims sharing stories that are similar to events the media covered over the summer of 2017. There is literary license, but the essence of the real-life dramas is not lost.
Grandma Sue: My estate-planning attorney took four of my credit cards and charged over $50,000 on them.
Andrea: I'm sorry that you suffered, Grandma Sue, but my mom, in the end stage of cancer, had over $75,000 stolen from her bank accounts by her close friend.
John: My stepbrother had my mother, a patient with Alzheimer's disease, transfer the family car to him. She doesn't have any idea what she's done.
Sammy: Well it's not only old ladies who get scammed. My mom died two years ago, and my dad was defrauded by a big-city hussy 30 years younger than him. He's got dementia, gets lost all the time and forgets who we are. She took him for $100,000.
Martha: My aunt's caretakers took around $40,000 from her and paid utility bills, cellular phone service, liquor, concert tickets and a used car.
Tom: Well my cousin in Florida had her checkbook stolen, and the woman that stole it wrote almost $7000 in checks.
Sammy: Well, that's a lot of money, Tom, but I read about a California insurance agent that took three senior citizens and a few others for $1.1 million. He said he was selling annuities, but he wasn't. The guy bought jewelry, a Maserati and three rental properties. Oh, and there's another California guy that took more than $500,000 from a 95-year-old woman with dementia. The guy used the money on his own stuff and went to Paris for a two-week vacation. There's some big-time money in California.
Group Moderator: Thank you all for being here today and sharing your stories. Representatives from a number of daytime television shows have been here today to get ideas for their stories. It's just too bad that you and your families had to suffer from this exploitation.
At Hackard Law we take legal action on behalf of real families of elders who have suffered elder financial abuse and damage to estate and trust assets. We represent clients in most of California's major urban areas, including Los Angeles, the Bay Area and Sacramento. If you would like us to hear your story, call us at (916) 313-3030.