Establishing a plan for your eventual passing is not something that often comes to mind when thinking about the future. A recent study showed that 58% of baby boomers and 81% of those 72-years of age and older already have estate planning documents. For millennials, defined as those born between 1982 and 2004, 78% do not have such a plan. Younger members of society should know that failure to prepare […]
Comic-book icon Stan Lee is best known for playing a large role in creating some of today’s best-known cinematic superheroes, including Spider-Man, Black Panther, and Iron Man. Thanks in large part to his creative role in these endeavors, Lee has also amassed an estimated net worth of approximately $50 million. However, despite his fame and considerable worth, Lee has also allegedly been the victim of elder abuse and financial exploitation. […]
Ferry Joseph Managing Director Michael B. Joseph will moderate a panel entitled “Why Do Bad Things Happen to Good Lawyers?” on Tuesday, January 30, 2018 at the Consumer Bankruptcy Program at the Hotel DuPont in Wilmington, Delaware. In addition to his role at Ferry Joseph, Mr. Joseph has been the Chapter 13 Bankruptcy Trustee for the District of Delaware since 1987.
By: Brian J. Ferry, Esq. Ferry Joseph, P.A. On October 14, 2015, Vice Chancellor Sam Glasscock III of the Court of Chancery issued a Memorandum Opinion in the matter of Korn v. Korn, C.A. No. 8266-VCG. In his Opinion, the Vice Chancellor issued a judgment in the amount of $401,000 against the Plaintiff, Richard J. Korn, for unauthorized distributions that were taken out of his mother’s Morgan Stanley […]
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Seniors as Fraud Victims
Every year, millions of elderly Americans are the target of various forms of telemarketing and internet fraud. Due in large part to seniors having a lifetime of accumulated savings, they tend to be attractive targets for financial predators. Fraud targeting the elderly takes many forms, including posing as a grandchild or IRS employee. Grandparent schemes are particularly dangerous because they play directly to emotions. One such example occurs when an […]