Beware Senior Financial Abuse
When the elderly widow showed up with a young man who was not related to her, ready to sign over her home to him, New York eldercare attorney Anne-Margaret Carrozza immediately grew suspicious. She refused to draw up the paperwork.
But six months later she discovered that the young man had taken her client to another attorney, who did transfer ownership of her home. Carrozza immediately alerted the District Attorney and Adult Protective Services, and the man was forced to return the home to his victim. The courts also appointed a guardian to pay the widow’s bills and make sure her assets were protected.
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
Sign Up For My Newsletter!
Subscribe for the latest news and features
The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
