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Elder Protection

All articles tagged with #elder protection

legalentertainment2 years ago

"Katy Perry's Real Estate Battle Spurs 'Elder Protection Act'"

Katy Perry and Orlando Bloom are involved in a legal battle over the purchase of a $15 million mansion, with 84-year-old Carl Westcott claiming he was on painkillers when he agreed to sell them the property. As the trial continues, the Wescott family is supporting the newly launched Protecting Elder Realty for Retirement Years (PERRY) Act, which aims to address the risks of elder financial abuse in real estate transactions. The act establishes a 72-hour grace period for real estate sales involving individuals over the age of 75, allowing either party to rescind the agreement without penalty. Perry is seeking damages in a countersuit, and she is expected to testify remotely in the ongoing trial.