Yesterday I was pleased to deliver a presentation at the San Francisco Law Library's Lunchtime Speaker Series. The topic I spoke on is both relevant and important to every family: "Elder Financial Abuse: A Budding Revolution in Estate Litigation."
Why is the fight against elder financial abuse a budding revolution? According to California's Elder Abuse and Dependent Adult Civil Protection Act, victims of elder financial abuse and their families can file civil lawsuits against perpetrators of exploitation. This is a powerful weapon against predators that can help protect beneficiaries and prevent further abuse. Wrongdoers can now be held accountable before a jury for looting trusts and estates. If found liable, they can also be made to pay attorney's fees and additional damages for the suffering they've caused.
In my book The Wolf at the Door: Undue Influence and Elder Financial Abuse, I outline how civil lawsuits have become a key lever in elder financial abuse litigation strategy. While the revolution is still a quiet whisper, it will soon become a roar. Baby Boomers, the generation known for innovation and change, are entering retirement age at a pace of 10,000 new seniors per day. They are also taking the threat of elder financial abuse seriously, with new, comprehensive laws and approaches to better safeguard the integrity of wills, trusts, and beneficiary rights.
Thank you to the San Francisco Law Library for hosting my presentation; it was an engaging event with plenty of audience interest and participation. Elder financial abuse is a challenge that grows with every passing day, so let's get to work in protecting elders and making wrongdoers pay. Hackard Law represents clients not only in San Francisco, but also in Los Angeles, Sacramento, Alameda, Santa Clara, and San Diego. You can call us today at 916-313-3030. We want to hear your story.