Where did all my mom's money go? Is this Financial Elder Abuse?
Where did all my mom's money go? Is this Financial Elder Abuse?
Did you read in the paper lately about the widow who is thought to have lost over $200,000 to a "professional" conservator over the last few years? Finally, some legal aid came to her assistance and a member of her family took over her care and finances, but not without a major loss to a half-million dollar estate!
The professional conservator system in California is broken. It is now the subject of a state judicial council committee. It is also the subject of a legislative bill, Assembly Bill 1363, by Dave Jones. The bill is now moving through the Senate, having passed the Assembly by a large margin of votes.
AB 1363 is called the "Omnibus Conservatorship and Guardianship Reform Act of 2006." It will regulate private conservators, increase court review of conservatorships, reforms some of the malfunctioning county public guardian practices, and requires additional attorney training and education.
Many families assume that a private, professional conservator or a county public guardian will "take care of everything" for your loved one. However, your eyes and ears are needed constantly to make sure of this. If it doesn't sound right to you, it's probably not!
Are your concerned about mom or dad, or sister or brother, or another loved one or friend who is having their finances managed by someone else? Give a call to an experienced elder abuse attorney in California. The call and the visit are well worth the cost. This may be the one most important thing you can do... money goes away fast in the wrong hands. If you are worried or concerned contact a California Elder Abuse Attorney immediately.










