{"id":377319,"date":"2023-10-04T19:55:45","date_gmt":"2023-10-04T19:55:45","guid":{"rendered":"https:\/\/wrightlawidaho.com\/?p=377319"},"modified":"2023-11-28T23:22:09","modified_gmt":"2023-11-28T23:22:09","slug":"is-someone-close-to-you-a-risk-to-your-estate","status":"publish","type":"post","link":"https:\/\/wrightlawidaho.com\/is-someone-close-to-you-a-risk-to-your-estate\/","title":{"rendered":"Is Someone Close to You a Risk to Your Estate?"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; theme_builder_area=&#8221;post_content&#8221; _builder_version=&#8221;4.22.2&#8243; _module_preset=&#8221;default&#8221;][et_pb_row _builder_version=&#8221;4.22.2&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column _builder_version=&#8221;4.22.2&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.22.2&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p class=\"p1\">Exploitation of seniors is an extremely serious issue.<span class=\"Apple-converted-space\">\u00a0 <\/span>Financial abuse costs seniors 2.6 billion annually, according to a study by MetLife, although four out of five cases are not reported.<span class=\"Apple-converted-space\">\u00a0 <\/span>In the majority of those cases, family members and caregivers are the culprits.<span class=\"Apple-converted-space\">\u00a0 <\/span>The Justice Department warns this abuse can occur in several ways<\/p>\n<ul class=\"ul1\">\n<li class=\"li2\"><span class=\"s1\"><\/span>Borrowing funds without repaying.<\/li>\n<li class=\"li2\"><span class=\"s1\"><\/span>Cashing checks without permission.<\/li>\n<li class=\"li2\"><span class=\"s1\"><\/span>Transferring ownership of property.<\/li>\n<li class=\"li2\"><span class=\"s1\"><\/span>Committing identity theft.<\/li>\n<li class=\"li2\"><span class=\"s1\"><\/span>Denying services to save money.<\/li>\n<\/ul>\n<p class=\"p3\">\n<p class=\"p2\">This type of abuse can occur when a parent has added a child to the parent\u2019s account or has given that child a \u201cpower of attorney,\u201d which conveys authority for that child to act in place of the parent.<span class=\"Apple-converted-space\">\u00a0 <\/span>A power of attorney can play an important role in an estate plan.<span class=\"Apple-converted-space\">\u00a0 <\/span>However, because the document provides so much power &#8211; in some ways more power than handing your child a blank check &#8211; it should be used with appropriate safeguards.<\/p>\n<p class=\"p4\">\n<p class=\"p2\">Unfortunately, I have seen circumstances where a child will even \u201cbully\u201d a parent to turn over resources against the parent\u2019s wishes.<span class=\"Apple-converted-space\">\u00a0 <\/span>As reprehensible as this is, exploitation of a parent can also occur in more subtle &#8211; but equally serious &#8211; ways.<span class=\"Apple-converted-space\">\u00a0 <\/span>Probably the most common example is the child repeatedly asking for money or asking the parent to bail the child out of his or her own problems.\u00a0<\/p>\n<p class=\"p4\">\n<p class=\"p2\">Obviously, the parent\/child relationship changes significantly from the time a child is young to the time the parent is a senior.<span class=\"Apple-converted-space\">\u00a0 <\/span>When young, a child relies on the parent to draw the lines of appropriate behavior.<span class=\"Apple-converted-space\">\u00a0 <\/span>However, if that dynamic continues into the parent\u2019s golden years, a child\u2019s immaturity can turn into exploitation. <span class=\"Apple-converted-space\">\u00a0 <\/span>This is especially true if the parent must deal with inappropriate requests while attempting to maintain a close adult relationship with that child; all while dealing with the infirmities of age, loneliness, failing health, etc.<\/p>\n<p class=\"p4\">\n<p class=\"p2\">Whether involving family members, a caregiver, or others, the line between a healthy relationship and an exploitative one is not always obvious.<span class=\"Apple-converted-space\">\u00a0 <\/span>Come to a free, no obligation presentation to find simple ways seniors can protect their estates.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>Exploitation of seniors is an extremely serious issue.\u00a0 Financial abuse costs seniors 2.6 billion annually, according to a study by MetLife, although four out of five cases are not reported.\u00a0 In the majority of those cases, family members and caregivers are the culprits.\u00a0 The Justice Department warns this abuse can occur in several ways Borrowing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":377411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","footnotes":""},"categories":[29,19],"tags":[49,50,46],"_links":{"self":[{"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/posts\/377319"}],"collection":[{"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/comments?post=377319"}],"version-history":[{"count":3,"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/posts\/377319\/revisions"}],"predecessor-version":[{"id":377413,"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/posts\/377319\/revisions\/377413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/media\/377411"}],"wp:attachment":[{"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/media?parent=377319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/categories?post=377319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wrightlawidaho.com\/wp-json\/wp\/v2\/tags?post=377319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}