Preventing financial exploitation of seniors a difficult but necessary discussion

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  • sally Kearns, UT
    Dec. 3, 2012 8:09 p.m.

    We have relatives who have hidden their assets in annuities. Now the children are hoping mom and dad die before the money in the annuities are used up. All they want is the money. They have turned the care of their parents over to the LDS ward in the area.

    We took care of our elderly parents. We signed a contract for financial compensation. It still caused problems for the rest of the family. We were tired of hearing the comment from people, including family, "Oh you will be so blessed in Heaven." Well, we needed to survive on earth. Thank goodness my parents understood that. Many elderly do not understand that concept. Maybe that is why there is theft. Family caregivers are trying to survive too.

  • My2Cents Taylorsville, UT
    Dec. 3, 2012 4:38 a.m.

    Repulsive comment, this is not a political issue, its a social issue that is relevant to all regardless of race or party affiliation.

    I also find it repulsive that this article is implying the elderly lack any intelligence to make sound decisions, that to is a lie and fakery. What makes the elderly so victimized is the life of desperation and poverty they are forced to try and survive in on $1,000/mo to pay rent, medical costs, transportaion, so try many things to get a few dollars for food.

    The elderly american in Utah is not entitled to food stamps($960 income cap), welfare, or obamaphone or bus fare and independent as they were taught. SSA/SSI is income.

    The industry that most victimizes the elderly is this "health care exchange system" in Utah. The financial exchange system loans the elderly their prepaid medicare and medicaid insurance entitlements by luring them into contracts through Dr/Hospital release that are secret loan documents no one is allowed to read.

    The Utah exchange payments are issued as recoverable debt so the state of Utah impounds property, assets, and retirement funds to pay for their hospital and doctor and medical supplies.

  • one old man Ogden, UT
    Dec. 2, 2012 7:47 a.m.

    This is why we need to vote for Democrats rather than Republicans.

  • Ultra Bob Cottonwood Heights, UT
    Dec. 2, 2012 7:01 a.m.

    A few days ago while eating my breakfast, I was watching/listening to a cable news group discussing this subject. The business point they were discussing was the increased demand for larger houses to be built for extended families. It became a laughing joyous joking session about their stories with grand parents and kids. For millionaires it may be a joke to live with extended family but for real people it’s no joke.

    I grew up and lived the recommended life for Americans. That is, went to school, served in the military, got married, raised some kids, helped the old folks and put away money for our retirement. We were set to live to 100 at about the same level as when we were working. The error was that we were thinking of only ourselves. We thought our children would do their own thing and be independent.

    The combination of cancer, alcoholism, drugs and a bad economy has caused us to spend much of our retirement funds on taking care of them. Our problem is that our money for retirement will run out in a couple of years about the time we reach 80.

  • cjb Bountiful, UT
    Dec. 2, 2012 1:39 a.m.

    A contract made with a person less than 18 isn't enforceable because a minor isn't legally considered capable of sufficient ofunderstanding. Old people's minds deteriorate at quite different rates, depending on genitics and how they take have taken care of themselves,

    Perhaps its time though to have some legal protections for olsters, as we have for youngsters.