Kidnapping and Asset Stripping of Vulnerable Seniors--a growing national issue - Page 1

The States all have laws to protect vulnerable adults, and yet the very agencies whose responsibility it is to enforce those laws are too often the biggest violators.  This has happened repeatedly in my City and many major US cities. In fact in some areas, well organized syndicates exist to do this who are protected by backsheesh. Here is one well documented case which screams for justice.

http://ppjg.me/2012/09/25/dorothy-wilson-kidnapping/

Yes, this is all over the internet no matter what terms are searched.

I can think of a  few I wish they would take.

Now, now Blitzen, no need for insults. If you don't think this is not a problem, say so and why.  If you don't like a post, why make a comment like this.  Why not skip over it.  I don't want to insult you in return, it seems pointless.  
I happen to know of a case right now.  In my state Judges responsible are part time appointed administrative judges with private practices at major law firms and they in turn can appoint guardians and attorney's from their own law firms (this has been ruled ethical in my state but is unethical in some others).  It can create horrid conflicts of interest and huge legal fees which often extract most oer all of the older person's estate. What is really sad is when  doctors are in on it too and make diagnoses that are wrong, but condemn the elderly person to be kidnapped, taken to a home and have their assets quickly stripped. When the judges are corrupt this is hard to stop, and typically occurs when there is no family close by or the family is lied too by the so called guardians.

Preston, she had a reverse mortgage and somehow refused to die on time! LOL

I went to the link and watched the video and man it made me so sad. She knew that she was being held prisoner--poor poor Dorthy.

Bee is that how those reverse mortgages work? I have only seen the ads on tv for them and I was thinking the only way they could get paid back was when a person died they took their property. I mean do you have so long to die or what? I know that sounds dumb but I seriously want to know.

No Blitzen it wasn't nice but it did make me smile.

vonissk, the way I see it is, if you have no kids and want to exit this world with a zero balance, then the ideal would be to have a reverse mortgage and die just before the banks last payment to you. But, if you have kids they get nothing from the house, because the bank basically owns it, and is allowed to pay you off, incrementally.

So, theoretically one could outlive a reverse mortgage, in which case one could end up paying rent to the bank or whoever ends up buying their obligation. Banks like to bundle those things and sell them to each other, too.

It is a way to get the cash out of your home and not have to worry about the hassle of selling the property. This could seem daunting to an elderly person who just wants to know they will be cared for in the manner to which they have been accustomed.  As long as you get to live there, you decide if actually owning it or not, makes a difference.

I already know who gets the house when I'm six feet under, and it won't be the bank! 

I've already told my kids they are on their own. They are adults, so should be asking what they can do for me, not what am I getting when you croak. Anything left over will go to charity.

Sorry to be a smart ass, I should not have said that I know some I wish they would take, but I honestly do. If you don't live in a FL retirement village populated in the winter by millionaires who won't donate a buck to a food bank, but who drive around in $30,000 golf carts and Bentleys you probably can't relate. They like to slum during the winters months and love to remind the commoners here that we are the 47%. Someone take THEM...PLEASE!!!

Blitzen, lol, my mom always said that to me, too, and then she didn't.     

But really, I think everyone needs to consider their own situation and values, and do what works for them in an intelligent way. Older people need to learn to protect their retirement assests, if they have them. They are targeted because of their being elderly, and what better for a scammer if they are also, easily confused.

OK Bee thank you for explaining all that to me. I wasn't far off the mark kinda sorta but I also didn't think about heirs and all that. Well bottom line is I would never do that and the way my house is financed--through my tribe--I could never legally do that as long as I owe money. I don't know what could be so important that I would take a chance on either losing my home oe ending up pauing rent on it. Wow.....................

Oh and Blitzen, I never thought about things like you described but I can well imagine how frustrating all of that must be sometimes.................