I'm Mike Hackard of Hackard Law. We handle substantial trust, estate, probate and elder financial abuse litigation cases in California's largest cities and counties. Frequent venues include Sacramento, Los Angeles and the major Bay Area Counties in between - including San Mateo, Santa Clara, Alameda and Contra Costa Counties.
June is Elder Abuse Awareness Month, and now is as good an opportunity as ever to assess the threat of elder financial exploitation. Let's just say it's staggering - just recently the US Justice Department charged 260 defendants with defrauding over 2 million seniors to the tune of $750 million. It's the "largest single law enforcement action against elder fraud in American history." And it's a wake-up call for the rest of us - so how can we protect our elderly loved ones from financial predators?
If you look through a few of our videos, you'll see that I feel strongly about a number of issues.
"Trust fund babies" is a term that easily evokes mental images of young people unburdened by work or other responsibilities and backed by a secure income. The term itself is somewhat disparaging. It paints with a broad brush.
The old saying "good things come to those who wait," may be true for many things in life, but when it comes to probate cases, waiting too long can cost you. It turns out that the longer a person waits to file a probate action, the more likely it is that the court will deny the claim. Courts establish strict filing deadlines, and if someone fails to abide by them, judges are usually not sympathetic.
In May 1968, I attend a Doors concert at the Santa Clara Fairgrounds. It is the third time I see The Doors. Jim Morrison is going downhill. Between songs he sits on the Santa Clara stage with a Jack Daniel's bottle by his side.
Recently Michael Hackard spoke with Kathryn Zox, known as "your social worker with a microphone," the host of the Kathryn Zox Show. We're grateful to Kathryn for covering such pressing issues like undue influence and elder financial abuse. Here's the interview below: