The veteran’s family revealed the “Protecting Elder Realty for Retirement Years” Act (clever!) as the real estate debacle reaches a courtroom.
“Firework” in front of the up-lit Lincoln Memorial for President Biden’s inauguration, then boy were you wrong. Perry’s“The Katy PERRY Act addresses the risks of elder financial abuse, especially as it relates to property and real estate sales and transfers,” a website for the act. Behind it is the family of 84-year-old Carl Westcott, the 1-800-Flowers founder who Perry and husband Orlando Bloom purchased a $15 million Montecito mansion from in July 2020.
“This legislation will enhance protections for older Americans and those with degenerative diseases by instituting common sense approaches, including a 72-hour grace period for certain real estate sales and transfers,” the website explains. So, senior citizens who might make miscalculated or poor legal decisions would have time to reverse said decisions without penalty. “We...pledge our commitment to introducing and supporting legislation,” the act’s website says.
“When his time comes, I want my father to be remembered for the years he spent serving his country, his numerous successful businesses, his robust family life, and his kind, caring heart. I don’t want him to be remembered as Katy Perry’s latest victim,” Chart Westcott, Carl’s son,
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