Q. My father just died and I have been named as his executor. Are there steps I should take to protect against theft of his identity? A. Yes. As disturbing as it may seem, even the identity of the deceased is subject to identity theft. By one estimate, thieves steal the identities of more than… Read More »
Posts Categorized: Financial Exploitation
Financial Tool To Protect Seniors From Financial Scams: the ‘Trusted Contact Person’
Q. My 90 year 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… Read More »
As POA for Dad, Can I Make Gifts On His Behalf?
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 »
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 »