Protect Your Elderly Parents from Scammers – Annapolis and Towson Estate Planning
Scam artists often target older adults, partly because they have amassed greater wealth.
Scam artists often target older adults, partly because they have amassed greater wealth.
While every American is equal in the eyes of the law, the rights of older adults often fall under the radar.
A consultation is an initial meeting with a lawyer. During this meeting, you can discuss your unique situation and your concerns.
Guardianships – also referred to as conservatorships – are drastic and invasive.
Elder law attorneys can help with a long list of legal matters that seniors often face…
What would happen if you were mentally or physically unable to take care of yourself or your day-to-day affairs? You might not be able to make sound decisions about your health or finances. You could lose the ability to pay bills, write checks, make deposits, sell assets, or otherwise conduct your affairs. Unless you’re prepared, incapacity could devastate your family, exhaust your savings and undermine your financial, tax and estate planning strategies.
Picture this scenario at the bank: A woman walks into her branch with her 25-year-old grandson and they're ready to transfer $4,000 or so out of Grandma's account into his. Is the grandson running a scam? If so, can the bank do anything to stop it?
Billions of dollars are lost to financial scams every year, and seniors are particularly at risk. One widely cited study found that older Americans lose $36 billion a year to elder financial abuse. This includes exploitation, fraud and trust abuse.
There are plenty of aging parents out there making life difficult for their adult children…
One in five older Americans falls prey to financial exploitation each year. Banks and financial advisers are now stepping up front-line defenses.