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.