Category: Fraud
A serious tone and strong script are working for scammers. The Federal Trade Commission warned late last year that scamming against the recipients of Social Security topped more than 35,000 complaints and now the AARP Bulletin reports in “How Social Security Scammers Tried to Swindle a Fraud Expert” that those calls continue to increase. The […]
Regulators move to halt abuse. However, fraud is still at $30 billion. Financial abuse of the elderly is high in the U.S., with estimates at $30 billion and that sum doesn’t include unreported cases, according to Consumer Reports in “3 Critical Ways to Prevent Elder Financial Abuse“. Some crimes remain unreported, because elderly people are […]
The decision to disinherit someone isn’t made lightly and needs careful consideration. Sometimes, as the difficulties of life wind through families, it is decided it would be best to disinherit a family member. It can be done. However, it needs careful legal consideration, according to Next Avenue in “How to Disinherit a Family Member“. The […]
The settling of the pop artist’s $60 million estate is likely to take years. Attorneys for artist Robert Indiana’s estate have a lot of questions for people close to the artist about the handling of his assets. That is expected to take a long time to get squared away, according to the Associated Press in […]
Arkansas case highlights potential fraud attempts, when large amounts of money are involved in estate. Large amounts of money involved in an estate can create incentives for people to attempt to present fraudulent wills, according to Arkansas Business in “Fake Will Scheme Puts Camden Real Estate Agent in Hot Water.” Matthew Seth Jacobs, who was […]
The battle over the estate of Dorothy Whelan has come to a close with a high court ruling. The estate of Dorothy Whelan has received considerable press in the U.K. by estate planning blogs and news site. It has now come to a conclusion through a high court ruling upholding an earlier will. Here are […]
Most estate planning attorneys go into the practice area because they are ethical and caring individuals who enjoy helping people. However, whenever any professional, an attorney, a financial advisor or a CPA, asks clients to transfer money to them personally, this should be a warning sign. An estate planning attorney from Wisconsin is now facing […]
Many banks and financial services companies offer a variety of services related to creating and managing trusts. When large trusts are established for minor children, it is necessary to use a professional trustee, but there are no guarantees that the professional trustee will carry out their fiduciary duties appropriately. Tragically, seven year old Angela Militello […]
According to the new survey, the most common types of financial loss reported: funds disappearing from accounts (reported by 33%); unauthorized purchase of products or services (reported by 23%). Are you or anyone you know a victim of elder abuse? With the occurrence of elder abuse largely underreported, there is likely someone you know that […]
There are various reasons why our elders are such easy prey for these thieves. People taking advantage of other people is just an ugly reality of the world we live in. Some of the worst offenders are those who dupe the elderly. Seniors can be easily confused and too trustworthy at times, which makes them […]
