Legendary actor Mickey Rooney passed away Sunday, and the wrangling over his remains is becoming more dramatic than the late actor’s movie roles. When I first started to work with high net worth individuals, I had the naive perception that they were more insulated from danger than the rest of us. I quickly learned that even the one-percenters have many needs that are not being met, or worse yet, they are being taken advantage of. Mickey Rooney’s story is another example of the frailty and vulnerability of us all, including the rich and famous. He departed this world leaving a mere shadow of his wealth, but with a near $3 Million judgment against a family member who took advantage of him.
With our experience as Geriatric Care Managers, we receive insight into client situations that others miss and often identify red flags early. According to the National Center on Elder Abuse, perhaps only 1 in 14 cases of elder abuse gets reported and a whopping 90% of abuse is perpetrated by family members. Stunning.
It is an unjustly Mad Mad Mad Mad World.