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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search ADVERTISEMENT Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Sons more likely to swindle their mums: study AFP - 52 minutes ago Send IM Story Print Sons more likely to swindle their mums: study SYDNEY (AFP) - – Sons are more likely to cheat their elderly parents out of money than daughters, according to an Australian study that indicates the financial abuse of seniors may be on the increase. With Australians generally living longer and becoming wealthier, the issue of how families handle inheritances and the transfer of assets is becoming increasingly important, the report for Victoria's State Trustee found. "The data we were able to find confirmed that the majority of older people coming to the attention of organisations because of financial abuse are women," the report released this week said. "And that the people most likely to be perpetrating the abuse are sons and, to a lesser extent, daughters." The average age for the senior subjected to swindling was around 80, with nearly a third older than 84, and some suffering from dementia and other illnesses, it said. Forgery, misappropriating pension funds, pushing someone to change their will and transferring property titles are among the problems reported to the trustee, which manages the affairs of some 9,000 disabled Victorians. "It's the State Trustees' experience that these crimes are increasing, but that's anecdotally," manager Steven Cowell told AFP on Tuesday. "And disturbingly, it appears to be sons rather than daughters." Cowell said adult children often showed no remorse over their financial crimes, believing they were entitled to their parents' assets. And he said rising property prices were contributing to the problem. "A workman's cottage in the inner city of Melbourne, which wasn't worth much in 1950, is now a million dollar opportunity," he said. "It's easy wealth." He said while adult children often set out to manage their parents' financial affairs in good faith, over time it could become confusing over who owned what and sometimes elderly parents were left with nothing. "The tragic part of all these crimes is that monies are rarely retrieved," he said. Recommend Send IM Story Print News Search Top Stories Sons more likely to swindle their mums: study Mexico drug war attacks claim 43 lives in one day BP denies bankruptcy rumors, seeks advice BP shares plunge over 9 percent on oil spill fears Top European officials deny Spanish bailout bid More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended World Cup marred by riots over pay, empty seats FIFA rules out banning vuvuzela horns BP denies bankruptcy rumors, seeks advice Italy's debt reaches record 1.8 trln euros BP shares plunge over 9 percent on oil spill fears More Most Viewed » The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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