Posted: June 5th, 2014
In preparing a will for one client, Aly Kyser learned that her client’s granddaughter had borrowed $1,500 from him. The client said his granddaughter hadn’t repaid a penny of what she had borrowed. Aly prepared papers and filed suit for the gentleman and is waiting for the court date. It is not unusual for older persons to help out relatives this way, but sometimes they are left in precarious financial shape as a result.
One of Becky Chen’s clients was formerly an executive in the furniture industry. Laid off when he was in his 50s, he is unable to find comparable work. Now, his home is mortgaged and his debts are piling up. One creditor is about to sue him. Becky reviewed the legal means available to protect his income and most of his assets. She advised him about his options to protect as much as possible.
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