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Abuse of Power of Attorney: Preventing and Addressing Elder Family Financial Exploitation cover

Abuse of Power of Attorney: Preventing and Addressing Elder Family Financial Exploitation

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Publication #: B-1368
Date Published: 01/31/2021

Publication Author(s):
Virginia Vincenti
Cole Ehmke

Description:

This Extension bulletin provides factors that put individuals and families at risk for power of attorney (POA) abuse, and provides best practices for preventing and responding. A financial POA is a potent estate planning tool for managing assets and making sure that bills are paid as we age and need help. Since POAs typically give an agent great power with little or no oversight, abuse such as stealing and transferring assets away from the principal and to the agent is easy, with terrible consequences. It is based on research from a USDA multi-state project.


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Contact Us

University of Wyoming Extension

Department #3354

1000 E. University Ave.

Laramie, WY 82071

Phone: (307) 766-5124

Email: uwext@uwyo.edu

Find us on Facebook (Link opens a new window) Find us on Twitter (Link opens a new window) Find us on YouTube (Link opens a new window) Find us on Pinterest (Link opens a new window)

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