Elder Law, Family Law, and Estate Planning in Hackensack, New Jersey

The elderly often fall prey to scams that can negatively impact their finances simply because they are not always aware of what is going on around them. Unfortunately, there are some bad people out there who take advantage of the elderly for their own financial gain. Knowing more about the common scams against the elderly is a necessity for anyone who has an aging loved one.  Giro Law  explains some of the most common financial scams that involve seniors. Attempting to Get Married to Gain Access to Funds Some people will go through great lengths to access funds when they believe that an elderly person is wealthy. Unfortunately, this may involve pretending to be in love with an individual to get married to and have easy access to that person’s funds. While many seniors do not fall for this type of scam, others like that feeling of being in love because it brings them great joy. They may assume that the person is being genuine, but it is often obvious to others that...

When you have worked hard to have assets, you want to have a way to protect those assets later in life. You have likely saved money over the past few decades and will continue to do so for several more decades. When you have carefully planned things out because you want to have a financially secure future when you become a senior, you need to know the options that are available to you for protecting your assets later in life . You should have an asset protection plan in place.                                          Have a Trust and Trustee One way to protect your assets later in life is to have a trust created and to appoint a trustee to that trust. The reason you should have a trust is to have someone who can manage your assets for you when you are older and are unable to do so by yourself. The trustee that you select should be someone in whom you can put your trust, ...

Divorces are often a challenge for all couples, but things can get even trickier for high net worth couples . The reason these cases are often tricky is that one or both individuals that were married are bringing in large sums of money. There may be special considerations that would need to be reviewed, including any prenuptial agreements that were created and signed before both parties exchanged vows and got married. Reviewing the Prenuptial Agreement Most people with a high net worth will have a prenuptial agreement drawn up before they get married. The purpose of the agreement is to protect their finances and assets in the event of a divorce. Before figuring out who gets what after the divorce, the prenuptial agreement must be carefully examined by the attorneys for both parties. Certain things may have been agreed upon in advance, including alimony support payments that one person will receive from the other person after the divorce. The ownership of different assets may ...