This news article was in our local NJ paper and I thought it would be of interest and a WARNING to what can happen to someone.
'She says she was coerced into signing away her rights in a nursing home. When she got out, everything she owned was gone.'
https://www.nj.com/news/2022/08/she-says-she-spent-months-in-a-fog-in-a-nursing-home-when-she-left-everything-she-owned-was-gone.html
Wonder how many of these types of "thefts" have happened. Thefts not only to the person, but also to Medicaid. I just checked to see how much fraud is happening to Medicaid and in 2019 the amount was $57 billion.
'How the Elderly Lose Their Rights
Guardians can sell the assets and control the lives of senior citizens without their consent—and reap a profit from it.'
https://www.newyorker.com/magazine/2017/10/09/how-the-elderly-lose-their-rights
Can't imagine being in a retirement community which one loves, and get a knock on their door that they have to vacate within minutes and go with a stranger who is now their Guardian. And that Guardian takes over control of their house, their car, their bank accounts, etc.
This to me sounds like a well planned scam, and something to be investigated thoroughly.
I'll try to read the rest of the article, but I get so mad when I read of dishonest people manipulating and exploiting elders, or anyone, for that matter.
If I became unable to function then my sig-other has already been assigned to my Revocable Trust, and vise-versa. And if one of us or both of us are unable to function, then our Elder Law Attorney will take over, thus being paid from any assets in the Trust when needed. I had picked a large law firm because if my Elder Law Attorney is no longer there, then someone else at the firm, who is an Elder Law Attorney, will step in.