Originally published in 2015
Juliette Fairley has had her article on the looting of Wards’ financial accounts by their Guardians, the guardians’ attorneys, and the Courts – to the tune of $16 BILLION annually – picked up by @MSN and put on the front page of their Money section. Contributing to this article are AAAPG founder Dr. Sam Sugar, as well as Kristi Hood, author of newly-published and informative Probate Pirates.
“These numbers indicate how the guardianship industry destroys the legitimate inter-generational transfer of wealth and in the process irreparably damages entire generations of innocent families,” said Dr. Sam Sugar, founder of the Americans Against Abusive Probate Guardianship (AAAPG) in Miami.
Some $16.9 billion of these losses a year comes from deceptive but technically legal tactics designed specifically to take advantage of older Americans, according to the 2015 True Link Report on Financial Elder Abuse. “This crime is shielded from public view because the criminal is most often a lawyer in probate court,” said Kristi Hood, author of the book Probate Pirates (JKH Publishing, 2015). “The probate pirate attorney either directly or indirectly finds a way to pick the pockets of the elderly ward of the state, taking money that should be used to care for the person or charging their adult children exorbitant legal fees for help.” (emphasis added)