Tuesday, February 06, 2007

Alleged Funds Mismanagement Results In Sale Of Elderly Man's Homes

A son who, along with his wife, were trusted to care for his Alzheimers-stricken father, have been accused in a civil lawsuit of depleting the elder man's assets on spending for their own personal benefit. They have also been accused of attempting to place claims of lien on the elderly man's residence and vacation home after his funds were depleted. The total amount depleted is estimated at close to $200,000. A court-appointed guardian ultimately sold the residence and second home to cover the ill man's expenses. Reportedly, there is $12,000 left from the sale proceeds which, once depleted, will leave the elderly man dependent on the State of Washington for support. For the whole story, reported by The Daily News Online (Longview, Washington), see:

Did couple take advantage of father?
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