Tag

Financial Abuse

All articles tagged with #financial abuse

entertainment1 year ago•2 min saved

"Mel B's Frugal Move: Living with Mom After Abusive Marriage"

Mel B, also known as "Scary Spice" from the Spice Girls, revealed in a BBC interview that she had to move in with her mom after leaving an allegedly abusive marriage with nothing in her bank account. She claimed to have experienced emotional, physical, and financial abuse during her 10-year marriage to Stephen Belafonte, who has denied the allegations. Mel B said she had to use proceeds from the Spice Girls' 2019 tour on legal fees and payments to Belafonte, and in a private settlement, she was reportedly required to pay him $350,000 and $5,000 a month in child support. She described the challenges of starting over after leaving an abusive situation but shared that she has since been able to buy her own home again and encouraged other survivors to reclaim their power.

via USA TODAY|

#abusive-marriage #entertainment #financial-abuse

family-and-personal-finance2 years ago•8 min saved

"Family Betrayal: Brother Empties Mother's Savings, Leaving Her Devastated"

A concerned sister writes in seeking advice on how to handle her brother's financial exploitation of their elderly mother. The brother, who has been unemployed for several years, has received $200,000 in cash gifts from their mother, leaving her with little inheritance. The sister and her older sibling feel cheated and want to address the issue before their mother passes away. Experts recommend holding a family meeting with an attorney to discuss the mother's finances, updating her will to deduct the gifted amount from the brother's inheritance, and taking measures to prevent further financial abuse. Elder financial abuse is a serious issue that often goes unreported, and it is crucial to protect vulnerable individuals from manipulation and undue influence.

via MarketWatch|

#elderly-care #estate-planning #family-and-personal-finance

legalentertainment2 years ago•2 min saved

"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.

via Entertainment Weekly News|

#elder-protection #financial-abuse #katy-perry

politics2 years ago•2 min saved

Feinstein's Family Feud: Allegations of Financial Abuse and Elder Abuse Emerge

Senator Dianne Feinstein has accused the trustees of her late husband's estate of financial abuse, alleging that they are wrongfully withholding funds from her late husband's estate to which she is entitled. Feinstein has filed multiple lawsuits in an attempt to gain access to the funds, claiming that the trustees are breaching their fiduciary duties. The legal battle comes amidst a tumultuous year for Feinstein, including health issues and calls for her resignation.

via The Hill|

#dianne-feinstein #financial-abuse #lawsuit