Fraud

Elder Fraud on the Rise – North Carolinians No Exception

Posted on: June 28th, 2012
It’s an unfortunate reality that, as people get older, they find themselves at a heightened risk of becoming victims of elder abuse. Recent studies have shown that elder abuse is an increasingly prevalent phenomenon. ...

NC POA Case Shows it’s Better to Plan in Advance

Posted on: April 17th, 2012
A recent North Carolina Court of Appeals decision affirmed the Superior Court verdict that an agent under a power of attorney did not breach his fiduciary duty to his aunt, Doris King or unjustly enrich himself at her expense....

2011 NC Senior Fraud Booklet

Posted on: November 15th, 2011
The 2011 Consumer Scams and Fraud booklet issued by the North Carolina Attorney General is now available. It is geared to increase awareness of and prevent fraud against seniors. ...

AK Bankruptcy Court Avoids Transfer to AK DAPT

Posted on: October 19th, 2011
In the May 26, 2011 Alaska Bankruptcy Court decision of In re Mortensen, the court avoided a transfer of real property of the debtor to an Alaska Domestic Asset Protection Trust (DAPT). The judge held that under Section 548(3) of the Bankruptcy Code, any transfer to a DAPT for less than full and adequate consideration is,...

How to Avoid Investment Fraud

Posted on: June 24th, 2011
As an estate planning attorney and Certified Financial Planner, much of what I do is help people protect and grow their assets. Unfortunately, there are those who seek to do the opposite – con artists who try to take others’ hard earned money by committing investment fraud. ...

IRS Offers 2nd Voluntary Disclosure Initiative for Offshore Assets

Posted on: February 8th, 2011
Today the IRS announced a new special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. The initiative is available through Aug. 31, 2011....

North Carolina Senior Helpline

Posted on: February 3rd, 2011
Legal Aid of North Carolina has a Senior Legal Helpline for citizens age 60 and older. The toll-free number is 1-877-579-7562. Intake hours for new callers are 9:00-11:00 a.m. and 1:00-3:00 p.m. Monday through Friday. Matters covered include Housing Law, Consumer Law, Employment Law, Pubic Benefits, Alternatives to Guardianship and Wills....

Keeping Your Personal Financial Information Safe Online

Posted on: February 3rd, 2011
From guest author Aaron Huber: Whether you’re keep your money in a conventional financial institution or in an internet based bank without a physical location, it’s a good idea to ensure that you’re doing business with a reputable organization and that your money deposited is federally insured. ...

Keep Your Information Private

Posted on: September 29th, 2010
Watch out for telephone calls where the caller requests personal information: “There are no situations in which it is reasonable to give out Social Security, Medicare/Medicaid, credit card, checking account or other personal information over the phone or in writing unless you have initiated a conversation with a qualified person or business,” according to Angel Dennison, director of the Chatham County Council on Aging....

Stipulation Leads to Directed Verdict in Fraud Case

Posted on: February 9th, 2010
Here’s a summary of Burton v. Williams, a recent North Carolina Court of Appeals case (adapted from today’s NAELA eBulletin):...

Bank of America Liable for Failure to Honor Power of Attorney

Posted on: November 23rd, 2009
In a recent Florida case, Bank of America was held liable for refusing to honor a power of attorney: Copyright 2009 Stuart News Company All Rights Reserved The Stuart News/Port St. Lucie News (Stuart, Florida) November 15, 2009 Sunday Martin County Edition SECTION: LOCAL; Pg. B5 LENGTH: 496 words HEADLINE: Stuart man takes on Bank of America BYLINE: Melissa E. Holsman staff writer BODY: ...

The Time for Asset Protection Planning is Now

Posted on: August 29th, 2009
Many people come to see me for asset protection advice only after some type of actual or probable liability has arisen. At that time, it is normally too late to do any meaningful asset protection, as most contemplated transfers of property could be undone as a fraudulent conveyance....

Seniors – Protect Your Financial Well-Being

Posted on: June 22nd, 2009
North Carolina’s elderly are particularly vulnerable to financial fraud and scams. Check out the the North Carolina Department of Justice’s website, which has helpful information for people of all ages to help protect themselves from identity theft, scams, and other crimes. ...