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February 06, 2012
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Probate Law News

 

Three Senior Citizens Sentenced in Financial Scam Targeting Elderly

Insurance Commissioner Steve Poizner announced today the sentencing of three senior citizens who preyed on the elderly by selling them financial products that were unregistered and unqualified for sale in California. All three pleaded "No Contest" following an investigation by the California Department of Insurance's (CDI), Investigation Division, Valencia Regional Office landed them in court.

"It seems that fraud knows no age limit," said Insurance Commissioner Steve Poizner. "But it is particularly disturbing when senior citizens seek to take advantage of other, more vulnerable elderly citizens."

On January 18, 2007, Lawrence John Deovlet also known as Lawrence John Hartunian, 64, of Westlake Village pleaded "No Contest" to one count of Corporations Code 25210, Unlicensed Broker-Dealer. Deovlet was ordered to pay $500,000.00 in restitution to eleven victims, commit no further violations of the Corporations Code, serve one year unsupervised probation, pay a $200 restitution fine and a $20 court fee. Read more at insurance.ca.gov.

 

 

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Did You Know?    
 
 
It Is Not Wise To Handle Probate Without A Lawyer
Probate is a very complicated and formal process. There are no requirements to use a lawyer, but it is not wise to do so. Even the smallest detail that is missed or left out can cause everything to come to a halt, exposing everyone to liability.

 


  Newsroom  
 


Latest news about probate cases in Arkansas and nationwide:

Trust Mills Can Be Financial Traps
Consumer:  I’m exploring estate planning options, including living trusts. I’ve read recent warnings about “trust mills.” What are these?

...

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The Implementation Of The New Standards For Category F Guardians Ad Litem/Investigators And Standing Order 1-05
The Probate and Family Court Administrative Office has announced that the new standards for Category F, Guardians ad Litem/Investigators will be ef...
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Each bank or investment firm may have its own format, but generally you may use, for a trust
How do I title accounts? Each bank or investment firm may have its own format, but generally you may use, for a trust, "Alice Carrol...
Read more >


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Probate Terms

 
 


Today's Terms

Decedent

Definition:
A person who is deceased.

Assets

Definition:
All property owned by a person that can be used or made available to use in the payment of debts and heirs.

Power of attorney

Definition:
A legal agreement that authorizes someone to handle or share in handling the financial matters of another person. A "durable" power of attorney can continue to give power to another in handling financial matters after incapacitation has occurred.

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Probate Resources

 


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Probate Hot Topics

 


Topics Related to Probate:

  • Probate Court
  • Last Will and Testament
  • Living Will
  • Power of Attorney
  • Trust Planning
  • Asset Protection
  • Special Needs Trusts

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Arkansas Probate Attorney

 
If you live in the following cities and need an probate attorney you should contact our Probate Attorney as soon as possible:


  • Batesville
  • Benton
  • Bentonville
  • Blytheville
  • Cabot
  • Camden
  • Conway
  • El Dorado
  • Fayetteville
  • Forrest City
  • Fort Smith
  • Harrison
  • Hot Springs National P
  • Jacksonville
  • Jonesboro
  • Little Rock
  • Magnolia
  • Mountain Home
  • North Little Rock
  • Paragould
  • Pine Bluff
  • Rogers
  • Searcy
  • Sherwood
  • Springdale
  • Texarkana
  • Van Buren
  • West Memphis
  • White Hall


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