October 18, 2016 by Lulu
“Professional guardianship is a cottage industry emerging nationwide that is becoming more organized and powerful as lawyers and probate judges realize what a gold mine it is to take over the lives and assets of elderly Americans to the detriment of their heirs,” Sugar said.
Once a court-appointed guardianship is established, the elderly person’s finances are under the complete control of the appointed-guardian who may or may not be a loving family member.
Court-appointed guardianship over the elderly is on the rise.
Some 37 percent of judges, court managers and clerks who responded to a Center for Elders and the Courts survey revealed that guardianship filings have increased over the last three years and 43 percent noted an increase in caseloads.