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re: Elderly family member asked me for advice on what to do with his money.

Posted on 10/10/13 at 12:19 pm to
Posted by LSURussian
Member since Feb 2005
126963 posts
Posted on 10/10/13 at 12:19 pm to
Be very careful.

Your elderly family member's heirs can go against you after his passing if they believe they can prove you gave poor investment advice to him or if you benefited financially to their detriment.

There have been numerous court cases similar to the circumstances you are in and you might be in a no-win situation no matter how well intentioned you are.
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