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Elderly Bankruptcy: The 60-Minute Lawyer

The 60-Minute Lawyer

  • Product Number: 2190216P01
  • CLE Credits, earn up to:
    1 substantive credits, 0 ethics credits CLE Credit Note
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Made to order; please allow up to 2 weeks for delivery. No supporting materials included. $95.00; Sponsor Members $85.50; New Lawyers $71.25
  • Product Description
  • Agenda & Materials
  • Faculty
  • Product Description

    Product Description

    Recent news cites the alarming increase in elder bankruptcy filings; they are filing three times more frequently now than in 1991. Many seniors are struggling with large credit card bills and monthly debt service exceeding their income. Rather than drawing down retirement assets, bankruptcy may make sense for these individuals—and can also eliminate a senior’s existing medical bills. Moreover, many elderly people who rely on social security as their sole income source, and have few assets, may be judgment-proof and need not file bankruptcy at all. But even in those cases, relief from creditor phone calls can warrant seeking reprieve. Specific concerns, issues, and challenges can arise when representing elders facing bankruptcy that must be addressed with the client in detail. Attend this power-packed hour to better anticipate your elder clients’ needs and learn how to handle the unique considerations at MCLE—not on your next case!

  • Agenda

    Agenda & Materials

    • 12:00 - 12:07 pm

      To File or Not

      Pros and Cons of elder bankruptcy; Who are “household members?”; Effect of family assistance; What factors make a difficult decision more acceptable?; M.G.L. c. 224, §16—Dismissal of proceedings (judgment proof)
      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover
    • 12:07 - 12:14 pm

      Exemptions and Doubling Some Under Massachusetts Law

      Detailed explanation of exemptions; Reassurances about social security retention; Keeping retirement accounts
      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover
    • 12:14 - 12:21 pm

      Elder Emotions—Special Concerns Because They Don’t Have Decades to Recover Financially

      Availability, or not, of credit going forward
      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover
    • 12:21 - 12:28 pm

      Protecting Legacies—To “Trust” or Not

      Concerns about leaving a legacy; Adding the kids to the title to the house—and making sure they are not in financial trouble
      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover
    • 12:28 - 12:35 pm

      Well Intended Transfers Are Still Transfers—Sometimes Fraudulent

      Concerns regarding gifts made to friends and family in anticipation of filing; Helping adult children just prior to a filing—not a good idea
      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover
    • 12:35 - 12:42 pm

      Sell the House in a Chapter 7 and Downsize? Better Buy Something with All That Equity!

      Subsidized housing; Assisted living facilities; Scams targeting elders
      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover
    • 12:42 - 12:49 pm

      Reverse Mortgages

      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover
    • 12:49 - 12:56 pm

      Elders in Chapter 13

      Predatory lenders—objections to claims; A special group with special expenses; Reliance on credit cards, rather than asking for help
      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover
    • 12:56 - 1:00 pm

      "Ask the Experts" Q&A Session

      Richard A. Mestone, Esq., Mestone & Associates LLC , North Andover

    Please Note

    MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.

  • Faculty

    Faculty

    Richard A. Mestone, Esq., Mestone & Associates LLC, North Andover