In Australia, it is estimated that at least 10 per cent of older Australians suffer from financial abuse each year. The surprising factor is that their adult children are most likely the perpetrators.

..

An enduring power of attorney is the “insurance policy” that most people get wrong – it’s the document used to appoint someone else (called an attorney) to legally deal with your money, bank accounts and other assets if you become unable to manage your affairs by yourself…