Iowa Senate Approves Bill to Strengthen Power of Attorney for Seniors
The Iowa Senate on Monday approved a bill designed to strengthen the state's power of attorney laws, changes that AARP Iowa said would help combat the increasing problem of financial abuse of seniors. Senate File 2168, passed on a unanimous 49-0 vote, contains provisions that allow protections for current as well as new power of attorney relationships executed after July 1, 2014, and would ensure that standardized power of attorney forms cannot be denied. Multiple national studies find that financial exploitation of seniors is the most common type of elder abuse, estimating that one-sixth of adults over age 64 have been victims of elder financial abuse, according to AARP Iowa. The organization is urging the Iowa House to approve similar provisions in its version of the legislation.