Legal Question in Elder Law in California

elder law

A 82 yr. old man that has been a good friend for many years has offered me money to start up a business. this man is a very active and is in sound mind. his wife passes away from alheizmers last month. out of the wood works come his sons for the funeral, one son is mad that his dad gave money to us, the son is charging us with financilly elder abuse. we do have a contract that is signed with all parties and monthly payments are always sent.is there anything that can be done to us? we have done nothing wrong, this is just a business transaction we did with the father.

thankyou

confused


Asked on 11/12/03, 4:21 pm

2 Answers from Attorneys
Scott Schomer Schomer Law Group

Re: elder law

This is a complex question that would depend on the investor's mental status and how the deal was documented. There are strong presumptions that a person has capacity to dispose of his property as he sees fit which the son would have to overcome. I would be happy to review the matter in more detail if you contact us at (310) 787-7577.

Read more
Answered on 11/12/03, 5:06 pm
Michael Olden Law Offices of Michael A. Olden

Re: elder law

Don't be confused, be concerned. Depending upon the stage in which this claim is being made you need an attorney immediately. There are too many factors which your question does not address. Additionally, your question is not even a question it is a short compilation of facts and I am not sure what you wish any attorney to do for you.I have practiced law in the San Francisco Bay Area for over 30 years in this specialty if you wish to contact me please feel free to call me at 925 -- 945 -- 6000.

Read more
Answered on 11/12/03, 5:10 pm


Related Questions & Answers

More Elder Law questions and answers in California