It is one of the great ironies of life that by the time a person needs help, they may be too far gone to ask for it. Such is the case for one of the most vulnerable groups of people in Philadelphia, and indeed in the country. The elderly are at high risk for financial fraud, but granting durable powers of attorney may be the solution.
A Philadelphia man reported recently that his elderly mother approached him about a small loan to cover some checks that she bounced. He was surprised that she had allowed this to happen, she having worked in the business sector for more than four decades. When he questioned her about her finances, she was uncooperative.