Preserving & Protecting Your Family’s Assets & Legacy

Katy Perry and the PERRY Act – how would it affect elders?

by | Jul 29, 2024 | Elder Law |

Katy Perry was recently responsible for influencing a new act related to the protection of elders in the state of California. The PERRY act protects elders from possible financial abuse they might face, specifically in real estate, property, and transfers of ownership of land.

Katy Perry took a role in this act due to purchasing her home in 2020 when her business manager was sued. At this time, she purchased the house from 84-year-old Carl Westcott, who agreed to the deal a day after receiving spinal surgery. Westcott claimed that he did not want to go through with the deal but had been struggling with Huntington’s Disease as well as taking painkillers, which fogged his judgment. Therefore, the agreement was unintentional since he claimed to be “delusional” and made decisions based on “intrusive thoughts.” Therefore, he decided to sue Katy Perry’s business manager, Bernie Gudive, since he claimed that there was financial and transactional abuse related to this purchase.

If this new PERRY act was implemented, a 72-hour grace period would be provided during a real estate transaction or transfer where anyone over the age of 75 can change their mind without penalty. This means they can do so if they decide within those 72 hours they no longer want to sell or transfer ownership of their potential property. Katy Perry is now suing for over $5 million in damages for loss of rental income, maintaining other properties she rents out, and attending the ongoing trial.

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