Slam the Gavel welcomes Charles Buchanan-Boardman, Senior Accountant to the podcast. We discussed a situation where his great Aunt's employee gained Power of Attorney and taking all of his father's inheritance. However, there were a lot of people who wanted their money.
The home care worker became the personal assistant of the employee with Power of Attorney after his great Aunt's death. There has been in social media comments by the person who claimed that Mayor Goodman's son attempted to make himself a beneficiary of Charles’ Great Aunt's estate.
We also discussed parts of the account of her death that her home care worker posted to Facebook. This podcast is to serve as a warning to families where a loved one becomes ill and anyone can walk in and take over their estate without anyone knowing.
The advice Charles gives is to be proactive in addressing these issues while the relative is alive to eliminate probate. Work with an attorney and a certified financial planner so you are proactive in keeping up with your estate planning and doing a will and living will. Keep an eye on fraud by checking your credit report so there is no identity theft to get assets.
The “guardian” should be a family member, and to keep an eye out for elderly family members and make sure that when their health declines that you follow up and proactively be there “guardian.” Children should be involved in what is going on before someone else comes into the picture.
Politicians need to step in and be advocates for families in this matter as it is far too easy for a complete outsider to come in and hijack a family assets. Families need to have more involvement and a greater say.
To reach Charles: Charles can be found on LinkedIn and [email protected]
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