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The Wolf at the Door: Ep. 22 | Speed is an Ally for Beneficiaries

The Wolf at the Door: Ep. 22 | Speed is an Ally for BeneficiariesHello, 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 is now available for order on Amazon. This is episode 22, where I emphasize the importance of quick, decisive action in probate and trust lawsuits.

In cases of elder financial abuse or undue influence, delay against a bad trustee or another wrongdoer will only cost you further down the line. Here are five reasons why:

1) There are specific time limits in place to dispute a trust. A challenge that comes too late could result in a failure to file against the trustee.

2) Wrongdoers will move trust assets to hide them from rightful beneficiaries, including selling real estate in sweetheart deals. The sooner you move against a bad trustee, the better.

3) A legal concept called "laches" in plain language means "sitting on your rights." If a beneficiary chooses to delay, their chances for recovery lessen as the clock runs out.

4) Moving quickly to remove a trustee and appoint a successor trustee, either a professional fiduciary of member of the family, can stop wrongdoer misconduct and safeguard remaining trust assets.

5) Rapid action can also ignite the process of legal discovery - where known and unknown assets can be tracked down, identified, and potentially recovered.

The bottom line? Speed is your ally in estate and trust litigation, and delay is not your friend. 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.

The Wolf at the Door: Ep. 22 | Speed is an Ally for Beneficiaries from Hackard Law on Vimeo.

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