New book, “The Wolf at the Door: Undue Influence and Elder Financial Abuse”
In The Wolf At The Door: Undue Influence and Elder Financial Abuse, veteran California attorney and Superlawyer Michael Hackard draws from 40 years of legal experience to advise families, caregivers and professionals who work with seniors explaining what elder abuse is, how to identify it, and what to do if abuse is suspected.
1 in 10 seniors—5 million people—are victims of elder abuse and neglect every year: a silent epidemic of crime, according to National Adult Protective Services Association Executive Director Kathleen Quinn.
Elder financial exploitation is widespread, expensive, even deadly. APS report that the number and complexity of reports involving financial abuse of vulnerable and older adults has grown significantly over the past decade:
· 1 in 9 seniors reported being abused, neglected or exploited in the past 12 months; the rate of financial exploitation is extremely high, with 1 in 20 older adults indicating some form of perceived financial mistreatment occurring in the recent past
· Elder abuse is vastly underreported; only 1 in 44 cases of financial abuse is ever reported
· Abused seniors are 3 times more likely to die and elder abuse victims are four times more likely to go into a nursing home
· 90% of abusers are family members or trusted others
· Almost 1 in 10 financial abuse victims will turn to Medicaid as a direct result of their own monies being stolen from them
· Cognitive impairment and the need for help with activities of daily living make victims more vulnerable to financial abuse
In The Wolf At The Door: Undue Influence and Elder Financial Abuse (Sept. 2017), veteran California attorney and SuperLawyer Michael Hackard (media features include The Wall Street Journal, C-SPAN and “Your World with Neil Cavuto”) draws from 40 years of legal experience to advise families, caregivers and professionals who work with seniors what elder financial abuse is, how to identify it, what to do if abuse is suspected and:
· The 4 elements of undue influence
· The 5 most common ways elder financial abuse happens
· 6 red flags signaling elder financial abuse
· 7 ways to identify financial exploitation and scams
· 3 initial steps you can take to prevent elder financial abuse
· Why not even the rich are safe
· Alzheimer’s and dementia in financial elder abuse and estate litigation
· How incapacity can lead to undue influence
· 3 things you can do if your inheritance is threatened or taken by another family member
· When to get an attorney involved
· Trustees: the good, the bad and the ugly
· The 5 key elements of proving undue influence in a court case
· Stepparents and estate litigation
· 5 common elements of estate litigation
· Blended families and estate tug-of-war
· The 8 different kinds of people often involved in estate disputes
· Mediation as a path to resolution
· 6 different styles of opposing counsel
· Financial institutions and their roles in fighting elder financial abuse
As the baby boomer generation rapidly ages into retirement, elder financial abuse threatens to skyrocket. If not addressed early and aggressively, this unique form of exploitation can tear families apart, leaving shattered relationships and depleted bank accounts in its wake.
You may not be able to prevent elder financial abuse, but The Wolf At The Door will empower you to fight back before it’s too late. Concise and packed of practical information, this book is a must-have reference to combat elder financial abuse.
The book is written for a general audience and offers case studies, research and hard-won lessons gleaned from a long career representing abuse victims and their loved ones. An index and compact sections make navigation easy and dozens of endnotes direct readers to additional information about elder abuse, undue influence, estate planning, trusts and more.
The net profits from the sale of each copy of The Wolf At The Door will be donated to the Alzheimer’s Foundation of America.