Who’s Watching Your Parents’ Money ? (Florida financial exploitation)
“Palm Beach power of attorney mis-used with bank account.” That is DEFINITELY not something you want to read about. Especially when it might be your Florida inheritance. But it happens. Probate attorneys Florida know about it, all too often, sadly.
Financial Exploitation
- Is anyone safeguarding your parents’ money?
- As we age, we all decline–some more rapidly than others
- Some decline mentally faster than others
- When we decline or age, our mental capacity and memory may be challenged — when it goes, Palm Beach guardianship courts determine incapacity
- Our thought process, analytical skills and our cognitive abilities can decrease.
- That means that when we are in a weakened state, we more susceptible to the advances of others
- That’s when people can take advantage of your parent’s checking accounts and investments: financial exploitation
Guard Your Parents
- Take steps now to guard your parents, and their money: insurance, retirement accounts, 401(k)’s, IRA’s, mutual funds, checking accounts, joint accounts……………….
- talk to a Florida elder law attorney to get guidance
- Our law firm does not write estate plans so my suggestion is to talk to a florida probate lawyer who does
How can you guard your inheritance?
Who has the power of attorney?