Exploitation of senior citizens is on the rise. Often we think of this in terms of scammers who call to steal money by using lies about past due bills and fake social security scams. While these scammers bombard seniors daily with a multitude of calls, they are not the only perpetrators that we need to watch out for.
Many financial crimes against seniors are committed by those that know them best. Just recently, a warrant for the arrest Lawrence Greer was issued. Lawrence Greer of Clay, Kentucky was given power of attorney over his step-mother. He then embezzled her money. You can read more about what happened here.
While this situation cannot be prevented, you can reduce the risk of giving control of your finances to the wrong person. Here are five considerations when choosing an agent for your power of attorney:
If you are having trouble deciding on an agent for your power of attorney, consider speaking to an experienced Florida estate planning attorney. Your estate planning attorney has the necessary knowledge and skills to help you make choices that are right for you. We are here to help. Call 904-397-4444 for a complimentary consultation.