Financial Abuse of Elders by Familial Powers of Attorney: Impact, Prevention, & Redress
Presented by: Virginia B. Vincenti, Karen P. Goebel, Jeanne M. Hogarth

• The Potential Size and Scope of Financial Elder Abuse Problems by Powers of Attorney
• Beyond Perpetrators and Victims: Impact on Families
• Addressing Power of Attorney Abuse and Options for Prevention
  

Abstracts

Financial Abuse of Elders by Familial Powers of Attorney: Impact, Prevention, & Redress

Presented by: Virginia B. Vincenti, Karen P. Goebel, Jeanne M. Hogarth

An increasing number of elders will need assistance with legal and financial decisions. POA permits another to make financial decisions on their behalf.  Because of weak protective measures and limited oversight, abuse occurs. We will highlight problems occurring in families when agents don't act in accordance with elders' expectations or best interests.  We will discuss demographics of fiduciary abuse, its impact on elders and their families, and options to prevent and address it.  Those who may benefit from this symposium/research include family/community educators, counselors/therapists, policymakers and victim advocates. Seidman's 1998 phenomenological interviewing protocol was used for this pilot study.