The Law Council of Australia has released a Best Practice Guide for Legal Practitioners in relation to Elder Financial Abuse.
The Guide assists legal practitioners in identifying and addressing potential elder financial abuse issues when preparing and executing wills and other advance planning documents.
Law Council President Ms Pauline Wright, says it has never been more important for Australia and the legal profession to do more to ensure that the human rights of older persons are strongly protected.
‘Today, one in every six Australians (15.9%) are aged 65 and over, and these figures are set to increase,’ Ms Wright says.
‘Legal practitioners are in a key position to recognise and prevent the abuse of older persons, including financial abuse.’
The Guide has been developed by the Law Council’s specialist National Elder Law and Succession Law Committee in consultation with constituent bodies.