by David Schultz
Court
supervised guardianships are meant to protect people who can no longer
manage themselves and their assets. But a Bloomberg Law investigation
found that people in guardianships can easily be taken advantage of, and
that getting out of one is extraordinarily difficult.
Reporters Ronnie Greene and Holly Barker just released a five-part series that looks at how guardianships can go wrong—from wealthy celebrities like Britney Spears to indigent senior citizens.
They join our weekly podcast, On The Merits, to talk about how a lack of oversight creates conditions ripe for fraud and abuse. Holly discusses the particularly galling case of a New Mexico guardianship company that stole millions from its clients and whose CFO she spoke to from jail.
Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
Full Article & Source:
Not Just Britney: Guardianship System Rife With Abuse (Podcast)
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