She’s accused of stealing nearly $700,000 from the aunt she cared for — how longer lifespans raise the risks of elder financial abuse
Moneywise featured Stefanie L. DeMario-Germershausen, an estate planning attorney and partner at Angiuli & Gentile, LLP, in coverage examining how longer lifespans may increase the risk of elder financial abuse and create challenges for families and caregivers.
The article uses a disputed Arizona case involving a caregiver accused of financial misconduct to explore the broader risks that can arise when older adults become increasingly dependent on others to manage their finances and personal affairs. DeMario-Germershausen noted that as people live longer, spouses, siblings, longtime friends, and others who might recognize warning signs may no longer be present, potentially leaving aging individuals more vulnerable to exploitation.
The coverage also addresses steps caregivers can take to protect both the person receiving care and themselves from misunderstandings or allegations of financial wrongdoing. DeMario-Germershausen emphasized maintaining clear financial boundaries, avoiding the commingling of funds, documenting transactions, retaining receipts, and keeping an accounting ledger. When caregivers are compensated, she also recommended having a written caregiver agreement that clearly establishes payment terms.
The article underscores the importance of advance planning, transparency, and careful recordkeeping as families navigate increasingly complex caregiving relationships.
Angiuli & Gentile, LLP continues its work assisting individuals and families with estate planning and related elder law matters.
