Millions of people deal with the effects of dementia on an elderly family member. Individuals suffering from the effects of dementia are susceptible to financial abuse. This article chronicles the financial abuse of Gladys Smith, an elderly widow suffering from dementia, and the litigation that ensued. The article analyzes what had been done to protect Gladys's estate, what could have been done better, and provides suggestions for estate planning for vulnerable elderly to best prevent financial exploitation by 1) expecting the worst-case scenarios; 2) advanced planning; 3) periodic communication; 4) creating layers of protection to guard against the worst-case scenarios.
Christiansen, Matthew A.
"Unconscionable: Financial Exploitation of Elderly Persons with Dementia,"
Marquette Elder's Advisor:
2, Article 7.
Available at: http://scholarship.law.marquette.edu/elders/vol9/iss2/7