Financial abuse of the elderly costs families billions of dollars a year. It can be difficult to prevent entirely, but getting an extra set of eyes on an elderly person's day-to-day finances can help. One of the ways financial abuse of the elderly happens is that an older person is no longer quite as astute [...]
A bipartisan commission has released a report with recommendations on how more Americans can be made secure in retirement. If the proposals are enacted, the wealthiest people in the country could have larger tax bills. It is not a secret that millions of Americans do not have enough savings to retire comfortably when they want. [...]
You are going to pass away. It cannot be avoided, so you should plan for it. One of the biggest issues in estate planning is not about the planning itself. It is about getting people to come to terms with the fact that they will pass away eventually. People cannot begin to make plans until [...]
Fans eager to hear the many unreleased recordings that Prince left behind might get their wishes granted sooner than they anticipated thanks to the estate tax. Prince passed away with a lot of unreleased songs still in his vault. It would most likely be best for his estate to release that music slowly over time [...]
After mediation failed to resolve a dispute between the three surviving children of Martin Luther King Jr. over his Nobel Peace Prize and personal Bible it now appears that the case will go to trial soon. Martin Luther King's two surviving sons and his sole surviving daughter are currently the only shareholders and directors of [...]
There is one last thing that you need to do after you execute your estate plan. If you have gone to an estate planning attorney and had a plan drawn up and executed, congratulations. You have taken an important step to ensuring your family's future and to making sure the next generation inherits your assets [...]
It is important to look for signs of elder abuse, but to do that you need to know what to look out for. A recent column in the Washington Post discusses the problem of financial exploitation of the elderly and how big of a problem it is in the U.S. It did so in the [...]
The estate of billionaire Bruce Wasserstein who passed away in 2009 is still under dispute. It is a sordid affair. The full details of the Bruce Wasserstein estate battle are lurid and somewhat difficult to follow. It is alleged that in 2007 Wasserstein encouraged his then mistress, Erin McCarthy, to undergo in vitro fertilization, which [...]
Holding an estate sale for a loved one's possessions can be an emotional experience. It is not unusual for people who inherit another person's estate not to want all of the stuff the deceased collected over the course of a life time. They might not even have room to store all of the stuff. A [...]
World Elder Abuse Awareness Day was June 15, 2016. It is a good time to review some of the legal concepts that are often involved in elder abuse cases, such as undue influence. It is estimated that approximately 2 million elderly people are financially abused in the U.S. every year. Estimates of the costs of [...]