Pricilla Presley Sues For Elder Abuse: How To Protect Yourself Against Fraud

Priscilla Presley is suing her former business associates, accusing them of taking over her finances, coercing her to sign a power of attorney and claiming elder abuse and fraud. It is sad to see people attempting to take advantage of elders for financial gain. It’s scary to know that it can happen to someone as prominent as the former wife of Elvis Presley, and it’s more frightening to think of it happening to you or a loved one. It’s wise to learn what to look out for and how to protect yourself against fraud.

How To Protect Yourself Against Fraud

Some legal options to protect you or your loved ones are:

• Durable Power of Attorney
  • This legal document allows an appointed person to make financial decisions on behalf of an elderly individual and ensures the trusted person appropriately manages their assets. This way, the person attempting fraud cannot convince the elderly to give them access to accounts.
• Healthcare Proxy or Medical Power of Attorney
  • This allows a designated person to make medical decisions if the elderly cannot. A medical power of attorney ensures that the correct person is watching over the care of the loved one.
• Guardianship
  • If an elderly person can no longer make sound decisions, a court can appoint a guardian. This person may oversee personal and financial matters and ensure people do not take advantage of them.
• Establishing a Trust
  • When establishing a trust, a trustee is named. This helps protect assets and ensure they are used for the benefit of the elderly person. It also reduces the risk of financial exploitation.
• Reporting to Adult Protective Services (APS)
  • APS can investigate and intervene in cases of suspected elder abuse and provide protection and support services.

Elder law encompasses a wide range of legal issues. When you work with an experienced elder law attorney, they can help you with estate planning, adult guardianship, succession plans, fraud and elder abuse. Financial abuse can happen to famous people, such as Priscilla Presley, and everyday people like you and me.

Oak Brook County Guardianship Attorney

Are you worried that you or someone you care about may have been scammed and need to speak with an elder law attorney? Call 630-864-5835 to schedule a consultation with the experienced guardianship attorneys at Estate and Probate Legal Group.

AREAS WE SERVE:  Cook, DuPage, Kane, Lake, Kendall and Will counties