Enduring Powers of Attorney and Financial Exploitation of Older People: A Conceptual Analysis and Strategies for Prevention

Ries, NM

Enduring Powers of Attorney and Financial Exploitation of Older People: A Conceptual Analysis and Strategies for Prevention

Ries, NM

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Publication Type:: Journal Article
Citation:: Journal of Aging and Social Policy, 2019
Issue Date:: 2019-01-01

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Field	Value	Language
dc.contributor.author	Ries, NM https://orcid.org/0000-0002-5264-6722	en_US
dc.date.issued	2019-01-01	en_US
dc.identifier.citation	Journal of Aging and Social Policy, 2019	en_US
dc.identifier.issn	0895-9420	en_US
dc.identifier.uri	http://hdl.handle.net/10453/134745
dc.description.abstract	© 2019, © 2019 Taylor & Francis. Enduring powers of attorney (POAs) are commonly used legal instruments that enable older people to plan for asset management in the event of future incapacity. The policy objective of POAs–empowering control over money and property–are frustrated when POAs are misused to financially exploit older people. This commentary integrates theory and evidence to propose a conceptual framework for POA-facilitated financial exploitation (POA-FE). Identified risk factors include inadequate knowledge about the POA role; family conflicts; attitudes of entitlement; and lack of planning and preparation for financial decision-making. POA-FE occurs on a continuum of behavior and strategies for preventing POA-FE are suggested using strengths-based approaches for older people and their attorneys.	en_US
dc.relation.ispartof	Journal of Aging and Social Policy	en_US
dc.relation.isbasedon	10.1080/08959420.2019.1704143	en_US
dc.subject.classification	Gerontology	en_US
dc.title	Enduring Powers of Attorney and Financial Exploitation of Older People: A Conceptual Analysis and Strategies for Prevention	en_US
dc.type	Journal Article
utslib.for	1605 Policy and Administration	en_US
utslib.for	1607 Social Work	en_US
utslib.for	1701 Psychology	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Law
pubs.organisational-group	/University of Technology Sydney/Strength - HJ - Health Justice
utslib.copyright.status	open_access	*
pubs.publication-status	Published	en_US

Abstract:

© 2019, © 2019 Taylor & Francis. Enduring powers of attorney (POAs) are commonly used legal instruments that enable older people to plan for asset management in the event of future incapacity. The policy objective of POAs–empowering control over money and property–are frustrated when POAs are misused to financially exploit older people. This commentary integrates theory and evidence to propose a conceptual framework for POA-facilitated financial exploitation (POA-FE). Identified risk factors include inadequate knowledge about the POA role; family conflicts; attitudes of entitlement; and lack of planning and preparation for financial decision-making. POA-FE occurs on a continuum of behavior and strategies for preventing POA-FE are suggested using strengths-based approaches for older people and their attorneys.

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http://hdl.handle.net/10453/134745