Addressing the 800lb gorilla: Most financial scammers of the elderly are family.

A recent Barron's article discusses ways in which adult children can protect their parents from financial fraud. Elder Financial Abuse is estimated to defraud older Americans of somewhere between the disparate estimates of $3Billion to $35Billion a year. The large disparity is due to the number of data sources, and estimations of unreported abuse, but … Continue reading Addressing the 800lb gorilla: Most financial scammers of the elderly are family.

Daughter of woman whose partner predeceased her mother by 12 days, in court fight over inheritance.

A woman fighting for her multi-million dollar inheritance might have to forfeit the entire fortune to charity thanks to a poorly-written will — a case that has raised questions about the rights of unmarried gay couples and their children. Jill Morris, died of breast cancer in 2016 at age 84 and left a multi-million dollar … Continue reading Daughter of woman whose partner predeceased her mother by 12 days, in court fight over inheritance.

I’m Trustee For My Parents’ Trust – Now What?

So, your parents have a trust, and you’ve just found out that you are the trustee. Do you thank them or did they reward you with the booby prize? A trustee is held to a high standard of accountability and must act in accordance with an established standard of care as outlined below. To fail … Continue reading I’m Trustee For My Parents’ Trust – Now What?