Hello, I'm Mike Hackard. I'm the chair of Hackard Law, a law firm focusing on estate, trust and elder financial abuse litigation in California's major urban areas. I'm the author of The Wolf at The Door: Undue Influence and Elder Financial Abuse. The book will come out in early autumn. This is episode 13, where I briefly discuss the wrongful taking of an elder's home - a common occurrence in disputed estates.
The family home is often a family's most valuable asset. Estate plans address the disposition of the family home in various ways. Sometimes a family member is left a life estate. Other times the house is directed to be sold and the proceeds of its sale distributed to family members. Then again, we've seen many cases where family members are surprised that the home has been transferred by way of undue influence. This is done in various ways, including the use of a reverse mortgage. There is nothing wrong with a reverse mortgage - it is often used to provide the elder with the comfort and security of knowing that he or she can continue to live at home. Where I've seen wrongdoing occur is when an undue influencer convinces an elder to take a reverse mortgage and then give the cash proceeds to the wrongdoer.
If you would like a free digital copy of the book when it comes out, email us at [email protected] I'm happy to share this book on this very important topic.