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Probate and Estate Litigation Blog

November 2014 Archives

We can help protect seniors from financial abuse

Several of our recent posts discussed how our Minnesota readers can be on the watch for and prevent unscrupulous people from taking advantage of their elderly loved ones. These people often prey on the elderly and can take a huge portion of their estates, leaving little or nothing to the person's loved ones.

What are signs that my elderly loved one is being scammed?

For our regular Minnesota readers, last week's post may have raised a question in their minds as to whether they may have elderly loved ones who have been subject to some form of financial scam. In addition to scams involving unnecessary living trusts, elderly Minnesotans can be subject to all kinds of ruses that can leave them in a bad financial state at the end of their lives. This bad financial state in turn means that they have very little to pass on to their loved ones, even if doing so was always their intent.

Elderly can be targets of scams that lead to trust disputes

Many Minnesota residents who are aging may turn to a financial advisor for help with managing their retirement portfolio. Most of these people are reputable who only have the best interests of their Minnesota clients in heart. Some, however, are less than scrupulous and may take advantage of senior citizens by selling them financial trust plans that could serve only to drain a person's bank accounts.

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St. Paul, MN 55101

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