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You Can Trust Your Children, Right?

elderly man and middle-aged man

Most often when parents become elderly, they turn to their adult children to handle their affairs. It is usually the most logical solution - who can you trust more than your own children? Unfortunately, there are certain cases where the logical choice ended up backfiring. Take the case of 87-year-old Ellen and her five children. Her oldest son, Bob, has been given power of attorney by Ellen, which gave him access to all of her accounts. As the saying goes, with great power comes great responsibility and Bob had failed that test when he started stealing most of his mother’s money,...

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