A deed can change hands without a burglar breaking a window or a scammer hacking a computer.Sometimes the first warning signs are sitting inside county records, bank accounts and email inboxes, waiting for someone to notice.A disturbing case out of South Carolina shows why families may want to put a few digital safeguards in place now.
According to a local report, a daughter says her 75-year-old father, who had Parkinson's disease and a brain injury, became increasingly isolated after a caregiver entered his life.Within weeks, the caregiver was named as his power of attorney.A quitclaim deed later transferred his Conway home to her for $5.
His daughter also says bank statements show money moving from his account to the caregiver, including after his death.Conway police said they were investigating.The allegations have not been proven in court.
Still, the case raises a question every family with an aging or vulnerable loved one should consider: Would you know if someone changed a deed, moved money or took control of an important account? Technology cannot prevent every form of financial exploitation.However, the right alerts can create an early-warning system that makes major changes much harder to hide.NEW! ...