Unfortunately, elder abuse and neglect are all too common problems for thousands of older American adults. Abuse can take place at home or in facilities and in different forms.
Equifax collects and keeps files on confidential consumer information such as addresses, employment, Social Security, driver’s license, and credit card numbers, all of which may possibly be used by criminals to open lines of credit and wreak financial havoc for years to come.
Guardians are expected to act in the best interests of the incapacitated person. While guardianship removes certain rights and privileges from the ward, the intent is to preserve as much of the person’s independence and decision-making as possible. In Texas, the two types of guardianship are Guardian of the Person, whose responsibility is to take care of the ward’s physical well-being, and Guardian of Estate, who is appointed to manage a ward’s assets. Both types of guardians may be appointed by the court and can be the same individual or entity.
Aging is expensive, and a perfect storm is brewing for the millions of Americans whose elderly parents need care and perhaps, financial assistance.