Financial Abuse by an Enduring Attorney

Financial Abuse by An Enduring Attorney An ageing population means that financial exploitation of older Australians is on the rise. Increased life expectancy leads to an ageing Australian population In 2007, 13% of the Australian population were aged 65 or over 13% Ageing causes increased likelihood of illness, Dementia, Alzheimer's Disease & intellectual impairments Over 321,600 Australians live with Dementia 1 in 4 people over 85 have dementia This leads to decreased decision making capacity & reliance on Enduring Powers of Attorney Enduring Power of Attorney: A legal document in which a person authorises another person to act on their behalf in the management of their health/personal matters and/or financial matters. Responsibilities of a Financial Attorney: Keep records of accounts of dealings and transactions Keep your property separate from their own (unless owned jointly) Not give away your property and only make reasonable gifts or donations that you would normally make A Financial Attorney Must Not: X Use your money for their benefit Give away or sell your possessions inappropriately Sell your property below market value or to a relative without your consent. If you suspect that an Attorney has misused their position for financial benefit, please contact Turner Freeman Lawyers for advice. Turner Freeman Lawyers