We have long known that seniors are more vulnerable to financial abuse. The COVID pandemic has only amplified this problem due to the increased social isolation and stress it has wrought. Perpetrators look for opportunities when their victims are most vulnerable.» Read More
Should I Consent to My Ward/Loved One Getting Vaccinated?
Remember that you are obligated to consult your ward and apply the substituted judgment standard; that means making the decision based on their previously expressed wishes and values, not what you or their physician thinks is best for them.» Read More
Recently, the Financial Industry Regulatory Authority (FINRA) issued a new regulation to protect investors from unscrupulous financial advisors and brokers. Rule 3241 limits the ability of a broker-dealer to be named as a beneficiary, executor, trustee, or power of attorney for one of their customers.» Read More
In our office, we think a lot about solo seniors – older adults who live alone and have no immediate family. Right now, we are working on an unfortunate case where multiple bad actors took advantage of a vulnerable woman, taking hundreds of thousands of dollars.» Read More
It’s that time of year: holiday music, traffic, and annual pilgrimages to see parents, aunts, and uncles who live far away. As more seniors are living longer, more are living alone. This increases their risk of abuse and neglect.
The holidays are a good time to check on our loved ones and assess what assistance they might need to safely age in their homes.» Read More
Your elderly client calls you and asks you to wire $20,000 to a non-family member. When you ask what the payment is for, he gives vague answers or gets defensive. Or you are preparing a long-time client’s taxes and it appears that she is taking much larger than normal distributions.» Read More
Recently, the Consumer Financial Protection Bureau was the latest government agency to issue an advisory to financial institutions regarding the financial exploitation of older Americans. The update urges financial institutions to make a report whenever they suspect that an older adult is the target or victim of financial exploitation.» Read More