Elder financial abuse is being called the fastest growing area of crime in America. And it may be happening in your family, if you aren’t paying attention to a caregiver — or a relative — who, under the guise of being helpful, is syphoning off an elderly person’s life savings.
Although no one wants to think about death, it’s important to be financially prepared for it, so that your money ends up in the right hands. But it can sometimes be confusing to figure out where your assets will go after death. Will there need to be a probate? Who will deal with settling your affairs? And how will your bank accounts pass after death?