In 2010, Bobbie Wynder appointed Leroy Mangrum to be her attorney-in-fact by a general power of attorney. She died in June 2013. A year later, Wynder’s four stepchildren, also the beneficiaries under her will, filed a suit against Mangrum for disclosure of all transactions and financial records from his time as Wynder’s attorney-in-fact. From the partial accounting he provided,...
Continue ReadingMany of us in our late 50s and early 60s, start thinking about what retirement is looking like and often it’s not a rosy picture. Therefore, we scramble and hopefully increase our retirement savings. A reverse mortgage may serve as both a retirement tool and provide a senior with a degree of financial liquidity and flexibility. Here’s how it...
Continue ReadingAs Southcoast Today reports in the recent article, “Retiring after you sell your business? It may not be as simple as you think,” many business owners don’t have a sense of what their business is worth. The simple answer is that it’s worth what someone else is willing to pay for it. However, there are many factors that need to be considered when...
Continue Reading“An elderly Houston woman says an on-line coin seller, based in New York, took advantage of her loneliness to sell her $1.3 million in gold and silver coins at inflated prices.” Seventy-two-year-old Patricia Thomas recently sued the National Collector’s Mint in federal court in Houston, claiming that one of its sales representatives, under the guise of “checking in” with...
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