Twin Cities bargain hunters are probably familiar with estate sales as an opportunity for good finds, but a recent case that may amount to estate sale fraud might make beneficiaries think twice before hiring someone else to act on behalf of the estate. Because estate sale companies are not subject to any special regulations, they are not liable for the types of fiduciary claims that might apply to a trustee, such as self-dealing or breach of fiduciary duty.
Twin Cities residents with loved ones in residential care may want to take notice of a recent criminal case in Dakota County involving the financial exploitation of residents at a nursing home in South St. Paul. Four counts of financial exploitation of a vulnerable adult led to a guilty plea by the accused woman, who allegedly stole almost $63,000 between March 2009 and November 2010. She apparently was able to obtain the money by writing checks to herself from the victims' checking accounts.