The Retirement Nightmare is the very real possibility that you (or
someone you love) will be forced to surrender your decision-making powers
over almost all personal and financial matters at some point during your
senior years. Surrender to whom? Surrender to a friend, a relative
or a
total stranger who convinces one judge in an unwanted conservatorship or
guardianship proceeding that you are no longer managing your affairs in a
reasonable manner. What is "reasonable"? Whatever that
judge--on that day
in that court--decides is appropriate for a man or woman of your "advanced
age." What is considered to be an advanced age in involuntary (unwanted)
conservatorship and guardianship proceedings? Because these codes were
written at a time when the average lifespan was well under 50 years, the
surprising answer to this question is: 62 years of age and above.
