Clichés about “avoiding probate” and “protecting your assets” are recited ad nauseum at the so-called “educational seminars” (aka sales presentations) put on nightly by lawyers and financial planners in eateries across Michigan. It isn’t surprising that people show up to these presentations. Probate law is complicated, and people understandably want to feel informed before they spend money and make important decisions about how their assets are distributed at their death. Unfortunately, for the most part, these free-dinner seminar programs are the only place they can go for information.
In litigation involving the financial exploitation of a vulnerable adult, timing is often everything. Let’s say, for instance, that Dad really likes his new caregiver. So much that his is “helping her out” financially. You smell trouble, and you’re probably right. The question is what to do, and more to the point: when to do it. The same question comes up when the concern about exploitation involves a sibling or a new spouse.