How to spot financial abuse of the elderly

[McFurd]

Clark Howard - 11/6/2017 - Craig Johnson - Each year, many seniors fall victim to credit card schemes, forged checks and bad investment scams. Not only are many of them coping with health problems and spiraling medical costs, but they are particularly vulnerable targets for financial scammers. In addition to federal efforts to protect older Americans, many states have put programs in place to try to prevent elderly residents from being scammed. The latest state to mobilize for its oldest residents is Texas, which in September passed the Elder Financial Protection Act. It gives new protections such as empowering financial advisers to take steps to protect their older clients when they see suspicious activity. Read more @ http://clark.com/scams-rip-offs/seniors ... t-prevent/