[WSBAPT] Seeking consultation regarding protecting elderly client’s assets from coercive child

[James B. Dolan]

Eric:

 

I had a similar situation with an older client who came very close to losing a significant chunk of money in the “grandpa I’m in jail” scam.  Fortunately, this gentleman was aware of his vulnerability and, while he was still competent we placed his assets into a trust.  He and a trusted daughter are co-trustees, and both signatures are required to conduct any transaction involving trust assets.  He still manages his own personal checking account, with a few thousand dollars in it at any time.  Not sure if this arrangement is practical in your situation, but requiring two people to sign off on transactions may be one way to prevent your  hypothetical client from being unduly influenced or otherwise taken advantage of.

 

Jim Dolan

 

===================

 

Jones Butler Dolan, PS

www.jbdolan.com

www.jonesbutlerdolan.com

 

Mount Vernon

 

P.O. Box 2784

415 Pine Street 

Mount Vernon, WA 98273

Telephone: 360-336-2939

Facsimile: 360-336-2949

 

Stanwood

 

P.O. Box 458

10027 - 269th Place NW (SR 532)

Stanwood, WA 98292

Telephone: 360-629-3833

Facsimile: 360-629-6253

 

 

 

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Eric Reutter
Sent: Monday, September 24, 2018 7:07 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Seeking consultation regarding protecting elderly client’s assets from coercive child

 

Hello and good evening,

 

I was hoping to reach out looking to pay for a consultation guidance on a big picture topic that stems from a simple fact pattern:

 

- hypothetical client is elderly, with several children 

-hypothetical client wants to protect client’s assets from one child, who is seen as highly likely to try and prey on client as client gets older and /or attempt to coerce client to transfer assets to this problem child 

 

I was hoping to pay for a phone consultation, for about an hour, with an attorney who has experience with techniques and best practices to protect an elderly person’s estate from a predatory/coercive child. 

 

Any guidance would be greatly appreciated.

 

Best regards,

 

Eric Reutter

J.D., LL.M. Taxation

Lake Hills Estate Planning, PLLC 



10900 NE 8th Street, Suite 1000 <x-apple-data-detectors://3/0> 



Bellevue, WA 98004 <x-apple-data-detectors://3/0> 
www.lakehillsestateplanning.com <http://www.lakehillsestateplanning.com/> 

 <tel:(425)%20298-5895> (425) 298-5895





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