A family was concerned that their elderly father might be persuaded to sign away a large portion of his assets to someone who had gained his trust. Key questions:
- Does his estate plan already have any protections against something like this?
- How can he be protected without losing control of his assets?
- Can the accounts be setup to require two signatures?
Working with his estate planning attorney we agreed that an amendment to his living trust would provide the protection he needed while still giving him flexibility over his assets.