ABUSE AND FRAUD PROTECTION
We take special care to craft special provisions unique to your situation in your advance care planning documents and estate planning strategies that can reduce the risk of abuse and exploitation.
Unfortunately, scammers and abusers are rampant in today’s interconnected world. Cell phones and the internet are misused by crooks often to take advantage of vulnerable adults. The True Link Report has estimated that in 2015, almost $37 billion dollars was lost because of elder financial exploitation. The Minneapolis Star Tribune published a multi-week series of articles exposing the prevalence of abuse occurring in many senior care facilities that have not been prosecuted for a variety of reasons. In addition, the standard estate planning tools (powers of attorney, advance directives, trusts and sometimes even guardianships) used to empower agents to act on your behalf can become the means of abuse and exploitation. This does not have to happen. By being diligent about selecting appropriate agents and working with Wick Law attorneys, you can minimize these risks.
WHAT IS IT?
You can take steps yourself to minimize the risks of ELDER ABUSE and FRAUD.
Each Abuse and Fraud prevention strategy is unique and depends on each individual client’s circumstances, assets and relationships. We take special care to craft special provisions unique to your situation in your advance care planning documents and estate planning strategies that can reduce the risk of abuse and exploitation. Often clients select protective strategies that involve ownership structures and that require monitoring and accountability of your carefully selected agents and fiduciaries, but the particular strategy chosen depends on each client’s unique situation.
HOW IT WORKS
The Wick Law Protection Attorneys explore each client’s individual fears, circumstances, finances, family relationships, and any other information that is relevant to your situation. We will explain the options for various kinds of checks and balances that are available to you and recommend a plan that will meet your needs while still providing protection for you and your nest egg.
We take special care to ensure that your planning documents require accountability, are transparent, limit high risk decisions, and expand the ability to take remedial actions should an agent begin acting inappropriately. Along the way, we’ll make sure that our approach upholds your wishes while simplifying the process for your loved ones.
HOW IT HELPS YOU
Abuse prevention planning brings you peace of mind by providing protective structures customized to your unique situation. You get to make a plan that protects you against scammers and fraudsters that will be carried out during your aging years.
The protection structures are incorporated into your estate planning so that you and your loved ones are taken care of, and that your assets are handled in a protective way still that honors your deepest values and beliefs.
WICK LAW
David W. Wick
7015 Lynmar Lane
Edina, MN 55435
(651) 238-5551