Introduction to Probate and Family Law Fraud

• Growing Concern: Probate fraud and family law fraud are now among the fastest-growing scams in the financial services industry, especially during major family events such as divorces, deaths, conservatorships, or transitions to long-term care.

Shifting Wealth Dynamics Across Generations

• Challenges for Younger Generations: Unlike previous generations, current generations (Gen Z, Millennials, Gen X) face significant economic barriers—high housing costs, inflation, and limited job opportunities—making it hard to build wealth.
• Older Generations’ Accumulated Wealth: Baby Boomers and earlier generations built wealth during more favorable economic conditions, making their saved assets a tempting target for younger family members.

Exploitation of Family Events for Financial Gain

• Inheritance Manipulation: Some individuals attempt to divert assets before a relative’s passing or while settling an estate.
• Asset Transfer in Divorces: In contentious divorces, one spouse may try to transfer assets to themselves before the proceedings to avoid sharing them with their partner.

Strategies Used in Financial Fraud Scams

• Hiding or Reducing Income: Individuals may create fake bank accounts, hide assets, or even lower their income intentionally to minimize spousal maintenance or child support obligations.

Protective Steps

• Seek Expert Guidance: If you’re facing a major family event, consider consulting legal professionals, doing asset research, and seeking reliable advice to protect your interests.
• Resources Available: Check the link below for recommended consultations and additional resources to help safeguard your family’s assets.