An 81-year-old disabled senior is seeking advice after signing over his life savings to his son, who he says is refusing to return the money. In a letter to The Moneyist at Marketwatch,
the man says he financially supported his son, an artist, for years after raising him alone following a divorce. The disabled parent had planned to move into a long-term care facility, and his son advised him to place his savings in the son’s name for protection. However, after the father’s plans changed, he says his son is refusing to transfer his savings back into his name. What kind of advice would you offer the senior? Read more about the dilemma at Marketwatch.