When you put assets into a trust, you are "funding" the trust. The trustee will actually own the asset on behalf of the trust once the asset is placed into the trust.
Local Senior Scam Stopper Seminar Offers Great Tips
On January 23, 2015, Contra Costa County Deputy District Attorney Ken McCormick held a "Senior Scam Stopper" seminar at the De Valle Acalanes Adult Education Center. The seminar was a joint effort between Assemblywoman Susan A. Bonilla and the Contractors State License Board. It included a panel of experts on elder abuse.
Elderly Livermore Resident with Dementia Swindled by Bank Employee
Linda Magel's father died last year; he suffered from early-on set Alzheimer's disease and ultimately died from cancer. But it wasn't until about a month after his death that Linda realized that something was terribly wrong with her father's finances. She discovered that roughly $118,000 was missing from her father's savings. His bank statements indicated that the withdrawal occurred at a Chase bank branch that he had never visited.
