The Expert Podcast

If even celebrities have disputes over their estates, then of course normal people like you and I are going to have the same probability of having people trying to get more money than they deserve from a deceased person or somebody that's in conservatorship. Here's an example: Tony Bennett, a famous singer from the 60s and 70s, is having a family battle over their estate. They're fighting over accounting for assets. Does that sound familiar? Right here in the subheading, it says the executors are accused of failing to account for assets.

We hear this all the time. Dozens of times every day, we hear from clients that are in some type of family dispute because somebody has died or they're in conservatorship, hospice, or long-term care, and their assets are not being transparent. Somebody's moving money, they're hiding bank accounts, they're quitclaiming real estate, and it can happen at a very high end like Tony Bennett, presumably in the millions of dollars, or at a very low end. Somebody could have, you know, $50,000 in the bank account and somebody takes $5,000 to put a down payment on a car, right? You never know. It's not exclusive to any one type of person; it's rampant across the board.

I can guarantee you that if you have somebody in your family who's recently deceased or put into long-term care, somebody in your family is either already thinking about taking money and putting it somewhere else, or they've already done it. It may not be a huge amount yet, but they're going to start small. That's why you want to catch it early because they're going to start small and then gradually ramp it up until all the money's gone. You got to catch it early because the records are harder to find if they're older.

So if you have a probate case or a family law case where somebody's suspicious, make sure you start early with your asset searching, your asset tracing, and all of your documentation. Make sure also that whoever is doing the estate is bonded. You want to get a probate bond, a surety bond, and you can get information from the link below about surety bonds and probate bonds. You don't want to leave it to chance because these things are rampant and everybody is tempted by taking money that doesn't belong to them, especially when somebody's deceased.

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