On January 16, 2014 Governor Snyder gave his State of the State Address, part of which highlighted the numerous ways he seeks to create independence and improve the quality of life for seniors. He proposed making Michigan a “no-wait state” by increasing the funds dedicated to services such as Meals on Wheels and other in-home programs. Nearly 4,500 older adults are not receiving the in-home services they need. Additionally, the Governor called for legislators to pass pending bills that pledge numerous customer protections for seniors, to “help prevent abuse in situations where people are being taken advantage of.”
Later in the spring, he plans to outline other measures necessary for Michigan to better meet the needs of our seniors.
You can read about the 2014 State of the State Address here, or watch a recording of the State of the State Address here.
You can also read an excerpt from The Area Agencies on Aging Association of Michigan Member News.
What happens when an elder/adult is not vulnerable and yet been financially exploitated?
I know you are going to hate the lawyer answer to this, but it really depends.
For example, if there is a position of authority or trust, there may be ways to intervene. If there is duress or the person is forcing the potential victim to give them money, then there may be criminal laws to address these. Also, if there was any deceit or fraud involved in causing the alleged victim to give money, then there are also criminal and civil remedies.
Position of authority or trust??? What are the laws that protect a person vulnerable or not pertaining to a personal equity line of credit in the victims name ONLY to discover the account was drained within 3 months without authorization or permission by me (the victim)? I have discovered that $33,000.00 was transferred(converted) into a joint account with the victims(me) name on the account and my sons. What I’m asking if it was legal for my son to transfer the money into a joint account if he did not apply for the home equity account nor was a co-signer on the account nor had any authority ,POA or authorization to do so.? The home equity loan was in my name only! I would consider this deceit and fraud. I the victim did not give the money. All I know is that I never received any of this money nor benefited .