01/03/2024
Some of the most common actions that are red flags that someone may be attempting to unduly influence your parents or other elderly loved ones include the following:
● Preventing communication between the victim and family members.
● Isolating the victim from family and friends.
● Withholding documents from family members.
● Encouraging the victim to make financial gifts or offer other benefits to people he or she only recently met.
● Naming recently-met connections as attorney-in-fact under a financial power of attorney or agent on medical power of attorney, or as a joint owner on financial accounts, real estate, and other assets.
● Giving financial or estate planning advice that is not in the victim’s best interests, but rather in the interests of the advisor.
● Excessive involvement of a recently-met connection with the victim’s estate planning efforts, such as help with creating or updating key estate planning documents.
● Significant inconsistencies between previous versions of the victim's estate plan and the latest versions. This is especially true if the estate plan suddenly includes new beneficiaries or excludes previous ones.
Should you notice any of these behaviors or other signs that a loved one may be a victim of undue influence, it’s critical that you immediately take steps to investigate the situation, whether that means getting the proper authorities involved or confronting the abuser directly.
Be sure to check out this week’s blog article, “Protect Your Aging Loved Ones From Undue Influence” for more information. *link in bio/about us.
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