Q. My father signed a Power Of Attorney some years ago, naming me as his agent. The POA is effective upon Dad’s incapacity, which I believe has arrived . Some family members could use some financial help. Would it be legal for me to make gifts to them from his assets using the POA? Can… Read More »
Posts Categorized: Financial Exploitation
New Tool To Protect Seniors From Financial Scams: The ‘Trusted Contact Person’
Q. My 91year old father has a substantial brokerage account and likes to manage it himself. Yet I worry that he could easily fall victim to financial scams. Is there anything I can do to protect him? A. Yes, there may be. The Financial Industry Regulatory Authority (“FINRA”), which regulates firms and professionals selling securities… Read More »
Making a Large Gift to a Caregiver Needs An Attorney’s Blessing
Q. My wife and I have a wonderful caregiver who has enabled us to remain at home. We would like to make a significant bequest to her in our wills. Can we handle the bequest by just handwriting a codicil to each of our wills? A. The simple answer is, no. Here’s why: California lawmakers… Read More »