Aging parents at risk of abuse by children with 'early inheritance syndrome'
Australian Law Reform Commission want to protect older Aussies from their kids
Elderly parents are at risk of abuse by their money-hungry children - according to the Australian Law Reform Commission which is seeking to establish a national register of people holding Powers of Attorney.
Current Australian laws enable you to give someone else the legal authority to look after affairs on your behalf. This is known as Powers of Attorney, and can be useful for managing financial and legal affairs if you’re out of the country, unwell, or in the event of your death.
However, this system is also vulnerable to abuse, according to the ALRC.