Couple Jailed for Misappropriation of Elderly Woman's Assets

The wisdom of having professional oversight of attorney arrangements has yet again been made clear following the conviction of a Teesside couple for defrauding the estate of an elderly woman out of a six-figure sum.

The woman had made her goddaughter’s husband a co-signatory to her bank account when she was admitted to a care home. At that time, the balance in her account was £130,000.

Within two years, the couple had abstracted more than £90,000 of her funds. As well as withdrawals from her bank account in order to finance home improvements and other personal expenditure, the couple also stole her pension and rented out her house, retaining the rental income for themselves.

They claimed that the woman had told them to spend the money as they wished.

The couple were found guilty and jailed for two and a half years.

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Appointing an attorney to deal with your affairs should you become unable to do so has clear benefits, but it is essential that the person you choose is capable and trustworthy. In order to safeguard against problems and make sure their assets are looked after properly, many people prefer to appoint a solicitor as a co-attorney, thus ensuring that any dealings are overseen by someone who has appropriate knowledge of the law and the relevant professional expertise – as well as indemnity insurance in the very unlikely event of any loss arising.
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