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January 2017 Archives

Steps to take after someone loses money in a scam

The U.S. Department of Justice has recently prosecuted defendants across the country related to a Jamaican lottery scam. In a recent webinar discussing elder financial abuse, a lawyer with the DOJ stressed that effective schemes do not work if they sound to go to be true.

Would you know if an elderly loved one was being ripped off?

When caregivers were surveyed, they reported that 37 percent of the seniors they worked with had fallen prey to financial schemes. Another frequently cited statistic is equally disturbing: only one in 44 cases of financial exploitation is reported.

Federal legislation seeks to crack down on senior fraud

Cracking down on fraudulent schemes that target older Americans is the goal of bipartisan legislation recently introduced by U.S. Senators Amy Klobuchar and Susan Collins. The Senior Fraud Prevention Act would help educate seniors and improve monitoring.

Do you ever wonder why you need estate planning?

Sadly, estate planning is one of those things that even people with good intentions may put off until “tomorrow,” only to never have the opportunity to revisit it before tragedy strikes. Without estate planning, you could lose out on the priceless opportunity to control your own destiny.

Communication is key for estate planning success

Obviously, the property-specific aspects of estate planning are very important. Thoughtful and knowing use of wills, trusts, lifetime gifts and charitable bequests will serve to protect your legacy and pass as much of your assets as possible down to your beneficiaries. Estate planning tools like trusts, long-term care insurance and Medicaid planning can also help you manage the sizable costs associated with the need for lengthy rehabilitation or assistance caused by age-related health issues, accidents, injuries or illness.

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  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
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