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Man loses millions to his kids in elder abuse case

It's a story many have heard repeatedly, and it's likely to be one told over and over. The stories are all very similar: an elderly person taken advantage of by a person he or she knew and trusted. One of the latest tales of elder abuse comes from west of Ontario, in which a man who went from rags to riches is nearly back to rags again, allegedly because of his own children.

A 92-year-old man is claiming two of his children have taken over his finances and used them for their own gain. The one-time gas station owner and inventor made a lot of money investing in real estate. Now retired, he gave enduring power of attorney to his son and a daughter in 2014. He claims the two convinced him to sign over ownership of property and bank accounts worth millions of dollars. The man alleges he has little to no access to his money, and he has resorted to begging his daughter for help, which he says she's denied him. 

While none of the claims have been proven in court, and a lawyer for the daughter says his client disputes the allegations, stories like this one are not unusual. A 2015 report estimates nearly 250,000 Canadian seniors are victims of financial abuse. One expert expects that number to increase as men and women live longer and the overall population ages.

If a case of elder abuse, whether financial or otherwise, is suspected, it is important to report it to the authorities. It may also be beneficial to consult with a lawyer who handles cases of this nature in Ontario. His or her professional experience may help with the effort to set things right again.

Source: CBC News - British Columbia, "'I trusted them fully': B.C. man, 92, says of son and daughter who took his millions", Erica Johnson, Dec. 5, 2016

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