Ten years ago we experienced a global crisis that began with the subprime mortgage market and spread to the banks and our investment portfolios.
In my work as a professional fiduciary and financial planner, I have seen the chaos and heartbreak that families can suffer when a loved one dies without an estate plan. Tightly knit families get torn apart by fights over assets. Courts get involved in drawn-out processes that leave heirs exhausted. And estates get reduced by federal and state taxes that could have been minimized.
Anyone who pays attention to the news no doubt hears or reads countless stories about the various types of abuse that are rampant in our society: child abuse, domestic abuse, sexual abuse, and animal abuse, to name a few. However, there is one type of abuse that is becoming more and more prevalent but receives little media coverage: elder abuse.