Don’t Let a Romance Scam Ruin Your Estate Plan

young woman having online date with fake boyfriendThe advent of digital communication has given birth to a world rife with both opportunities and threats. Among these threats can lurk a romance scam, a form of deceit that has demonstrated a shocking ability to dismantle meticulously crafted estate plans. 

Romance scams are fraudulent acts where scammers create fake profiles on dating websites or social networks, often using attractive images and compelling narratives to lure victims. Scammers invest time in developing ‘relationships’ with victims, usually claiming to be located far away or unable to meet in person. They may request financial help for various fictional reasons, such as medical emergencies or business troubles.

Common red flags include rapid escalation of the relationship, reluctance to meet in person or video chat, repeated financial hardships, and requests to make transactions or payments on their behalf.

The Rising Threat of Romance Scams

Romance scams are on the rise, affecting an increasing number of individuals each year. In 2020, the Federal Trade Commission reported a record-breaking $304 million lost to romance scams, a 50% increase from the previous year (FTC, 2021). These scams can lead to devastating consequences for the victims, who are often left emotionally and financially devastated.

More concerning is how these scams can disrupt the victim’s estate plan. In many cases, the scammer manipulates the victim into making them a beneficiary in their will or even granting them power of attorney. This allows the scammer to take control of the victim’s assets, often leaving the intended beneficiaries with nothing.

How Romance Scams Impact Estate Planning

Estate planning is a critical process that ensures your assets are distributed according to your wishes upon your demise. Without a solid estate plan, your assets may end up in the hands of unintended beneficiaries, including romance scammers. 

Romance scams can have significant and devastating impacts on estate planning. The implications include:

The Role of Estate Planning

Considering the possible impacts of romance scams, the role of proper estate planning becomes even more critical. A well-crafted estate plan ensures that your assets are distributed according to your wishes, and it provides a level of protection against such scams. This includes:

While estate planning cannot completely eliminate the risk of becoming a victim of a romance scam, it can offer a robust line of defense to safeguard your assets and protect your loved ones.

The Protection of an Estate Planning Law Firm

This is where the expertise of an estate planning law firm becomes invaluable. The Law Office of Chris W. Chong, an estate planning law firm in Utah, are equipped to provide the necessary safeguards to protect your estate from such threats. Estate planning attorneys can help detect suspicious changes and patterns that could signal a romance scam, ensuring your estate plan remains intact and your assets safe.

In addition to this, estate planning attorneys provide guidance to help you make informed decisions regarding your estate. They ensure your assets are distributed as per your wishes, taking into consideration your personal circumstances, and the legal implications of each decision. An estate planning attorney in Utah can also help to ensure that changes to an estate plan are made willingly, with full understanding of the implications, and not under duress or manipulation.

Don’t let a romance scam ruin your estate plan. Consult with an estate planning attorney today to fortify your defenses and safeguard your assets. After all, your estate is more than just property—it’s a legacy that should remain in the right hands.

Bagde Image Bagde Image Bagde Image Bagde Image Bagde Image Bagde Image
Featured image


View All Testimonials

“Mr. Chong was recommended to us by a family member when my son had an accident where the other party was at fault and had no insurance at all. Chris knew what to do and was very helpful and always answered our calls or texts…”

Yoly R.

” I had a great experience with Chris Chong as my first attorney.. I had heard alot of complaints of other lawyers and from my point of view Chris Chong did everything he can to settle our cases.. very helpful and honest.. he took his time to answer all of my questions. I was involved in a car accident…”

Jorge O.

“Chris really helped me out.. I rear ended by this jerk, and Chris…was able to get my car fix, and sent me to see doctors.. that really helped alot.. I would recommend him to everyone.”

Ricardo Q.

How Can We Help You?

By submitting, you are consenting to receive text messages from the Law Office of Chris W. Chong.