California heirs and beneficiaries expect that trustees, estate representatives and executors will act as good and prudent fiduciaries. When these fiduciaries fail and take money belonging to trust beneficiaries, they may be subject to civil and even criminal penalties. There are several cases in point.
It's easy to believe at the beginning, middle or even long into a journey that we are "chasing the wind" - engaged in a futile task with nothing gained. This feeling easily accompanies an effort to reach out to people with video presentations. J.P. Mark, a noted research analyst and author of several books, captures this attitudinal predilection in his recently published article Making Magic: Why Lawyers (And Other Professionals) Don't Post More YouTube Videos. Mr. Mark notes:
Conflicts between stepmothers and biological children over estate and trust assets have become a familiar feature of litigation in California superior courts. Only a certain proportion of these disputes make it to the legal arena, but they're part of a continuing trend that's worth noticing.
The year 2018 has been a busy one for Hackard Law - we've been heavily engaged in California estate and trust battles on behalf of our clients, we continue to fight elder exploitation, and every week we respond to the inquiries of dozens of callers from across the state and the country. They contact us because they've seen our videos, they need help, and maybe they just to be pointed in the right direction.
Like other areas of California, San Mateo County is seeing an upsurge in cases of elder financial abuse. The reasons can be seen in demographics - by 2030, a quarter of San Mateo residents will be over 65. That means financial predators have a growing base of potential victims to exploit.
Next week on Thursday, October 25th, I'm honored to be the keynote speaker at Eskaton Lodge Gold River for a special community presentation on how seniors can protect themselves from fraud and identity theft.
A few friends and colleagues have expressed interest in having me talk about legal marketing - a subject that I both enjoy and regularly participate in. We should start with a little history. I became a lawyer in December 1976. At that time lawyers were generally prohibited from publicizing themselves or their law firms in newspapers, magazines, radio or television. It was expected that a lawyers reputation could only grow with experience and community involvement - an obvious advantage to those who had been in the legal profession for many years. Advertising rules began to change in June 1977 with the U.S. Supreme Court's landmark decision of Bates v. State Bar of Arizona. I've followed the effects of Bates since my very first year of law practice.
The Elder Abuse Guide for Law Enforcement (EAGLE) is now available online. "The guide is a national web module designed to support enforcement officers in identifying, intervening, and resolving cases of elder abuse...EAGLE funding was provided by the U.S. Department of Justice (DOJ) and was led by the University of Southern California's (USC) Keck School of Medicine, host of the National Center on Elder Abuse (NCEA)."
It's estimated that 5.7 million Americans have Alzheimer's dementia in 2018. The Alzheimer's Association identifies a number of early signs and symptoms. They are worth reviewing. Now, for every one of these signs, there are typical age-related changes not attributable to Alzheimer's. It might be a matter of degree.
This weekend I was a presenter at San Francisco Assessor Carmen Chu's Family Wealth Workshop. The title of my presentation was "Protecting Against Elder Financial Abuse." I was able to share stories with the community and they in turn shared stories with me. I find this the most gratifying part of these events.