ElderAbuseHelp.Org has a great article The new cash cows: Elderly with assets. This piece touches on many important points including that responsible execution of estate planning documents (wills, trusts, guardianships and powers of attorney) are no inoculation from the threat of targeted estate looting actions. That said, having them is always the prudent course.
Asset looting happens to people of all ages and usually impacts far more than one isolated target. It’s wrong under any circumstances and when aimed at an individual of any age, however circumstances related to the elderly can and do sometimes offer special openings for dishonesty.
Another point Estate of Denial® always views as important: these actions aren’t limited to people with “money.” Wealth is a relative term – especially in today’s America where anyone and everyone’s assets are viewed as up-for-grabs if someone can contrive and sell a greater sense of “need.” It’s government and private individuals — sometimes working together. And trust us, those someones are hard at work!!
Overseeing the looting of an estate is a probate judge who is well aware that what is happening has nothing to do with the health, wellbeing, or welfare of the victim, but who can be depended upon to facilitate the predators. It is all about the estate, how much it is worth and who will gain access to it.
Advance planning instruments for retirement dictate the victims plans for their property such as wills, trusts, insurance benefits, savings accounts, investments, land titles and other assets. These instruments are routinely discarded by the probate judge and declared void even though the judge has no actual lawful authority to do so.
This is done after the victim has been forcibly medicated with drugs such as Zyprexa or Seroquel in doses so high that the victim is unable to function even minimally. It is in the state, and known to the judge to be drug induced dysfunction, that the victim is declared [incompetent]. [Even if the victim was in actuality at that moment in time, incompetent, the judge has no authority to void or discard previously created legal instruments. This would assume, without any factual basis, without hearing or relevant testimony and evidence that the victim was always incompetent and unable to judiciously construct their own estate; a determination clearly not possible.]
Several techniques are used to coerce the victim and to blackmail the family members or friends into silence. Emotional blackmail, consisting of isolating the victim and then accusing family and friends of being a danger to, or having abused the victim is most common.