Greed Made Me Do It! Legal Ways and Other Ways to Minimize Greed in Your Family
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Whether it be from personal experience or heard second-hand, everyone knows a story about an elderly person being taken advantage of financially, or personal items being stolen after a death. Maybe it was a niece who swooped in to grab her aunt's jewelry while she lay dying in the nursing home, or a son who improperly used a Power of Attorney to clean out Dad's accounts. How does one prevent such behavior? The answer is to plan ahead! Being aware and honest with yourself about your children's penchant for greed or bullying of their siblings is imperative. Knowledge is truly power when taking a...
Whether it be from personal experience or heard second-hand, everyone knows a story about an elderly person being taken advantage of financially, or personal items being stolen after a death. Maybe it was a niece who swooped in to grab her aunt's jewelry while she lay dying in the nursing home, or a son who improperly used a Power of Attorney to clean out Dad's accounts. How does one prevent such behavior? The answer is to plan ahead! Being aware and honest with yourself about your children's penchant for greed or bullying of their siblings is imperative. Knowledge is truly power when taking action to preserve assets so that they are there to take care of you as you age and to be distributed where you want them to go, when you want them to go, after your death. Knowing which actions can cause irreparable damage, such as giving a Durable General Power of Attorney to a greedy child or putting a person's name on bank accounts and expecting that person to distribute that account at your death, is paramount! This book will give you, not only thorough life examples of how these things have occurred in other families but will also explain the steps that can be taken, in advance, to make sure that the GREED factor is tamped out in your family and relationships.
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