Aging philanthropist Brooke Astor's plight echoes that of many people her age. More seniors than ever are being financially exploited, often by family members. Plus: 7 ways to protect seniors' finances.
Anthony Marshall has publicly and vigorously denied the charges, insisting that he continues to provide the best possible care for his frail 104-year-old mother. A court hearing seeks to replace Marshall, her legal guardian, with Annette de la Renta (wife of fashion designer Oscar de la Renta) and the J.P. Morgan Chase Bank.
Whatever the outcome of the case, the allegations deal with a subject that remains largely invisible: elder financial abuse and exploitation. No statistics measure the scope of the problem, but professionals who work with older people say . . . . .