Holly Cunliffe, a partner in the firm’s Estates & Trusts Group and a leading advisor in elder law, was recently featured in The Canadian Press discussing the increasing prevalence of financial abuse affecting older Canadians.
In the article, Holly describes this form of exploitation, often involving trusted individuals misusing powers of attorney, as “an underlying epidemic” that frequently goes undetected. She emphasizes the importance of early legal planning and public education, particularly as Canada undergoes a significant intergenerational transfer of wealth. Holly also notes that cognitive decline, social isolation and a lack of understanding of legal responsibilities can increase vulnerability to abuse.
Click here to read the article.