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.
Attorney Brett Hebert, with the national law firm, Gordon Rees, recently wrote an article on the firm's blog regarding the admissibility of certain correspondence in estate litigation cases. A typical situation we see involves an elderly person who begins to show signs of losing mental capacity. Then an unscrupulous person “enters” the life of the … Continue reading Prior Correspondence: A Key Tool in Preparing Your Estate Dispute Case for Trial | Estate Conflicts
Representing a new low in criminal identity theft, five people were indicted in a scheme that targeted older and disabled veterans. For a period of five years, the criminals used personal information to "withdraw or reroute millions of dollars in disability benefits and other payments made to veterans. The stolen funds were later wired to … Continue reading 5 Indicted in Identity Theft Scheme That Bilked Millions From Veterans
In a case just decided by the Florida Supreme Court, attorney Dennis Horton was disbarred for mismanaging client funds. This case is profiled in a new episode of The Case Files. https://youtu.be/WlqHhFpuJaI Click here for a full text of the court's decision.
In a case that speaks of the importance of choosing a qualified trustee who has proper internal controls and procedures, and who is governed by an appropriate regulatory body, The Ohio Supreme Court suspends two attorneys for one year after they negligently managed an elderly woman's affairs. Cleveland Metro. Bar Assn. v. Zoller and Mamone … Continue reading Attorneys Suspended for Mismanagement of Elderly Clients Money
Wealth and Honor is a website dedicated to helping families navigate the financial challenges of age transitions. The site now has a YouTube Channel to host "edutainment" videos featuring non-legal commentary on actual court cases involving will disputes, elder financial abuse, estate litigation, fiduciary liability, and other issues of aging, death, and wealth. Court transcripts … Continue reading The Case Files – Episode 1: “Fool me once, shame on you…”
If there’s anything that will bring a bipartisan group of U.S. senators together, it’s the topic of abuse in nursing homes and a hearing Tuesday was proof yet again.Abuse deficiencies cited in nursing homes more than doubled in four years, increasing from 430 in 2013 to 875 in 2017, a Government Accountability Office report released … Continue reading Senators slam abuse in nursing homes; criticize CMS over reporting requirements