One party that is has always been preyed on by the unscrupulous are the elderly. In this day and age the ability to defraud them is, unfortunately, at an all time high and all elders need to be in the position to recognize when someone is trying to take advantage of them. Some tips include going over the facts of common scams with clients, especially those that are capable of happening everyday, and making sure that their loved ones know the signs to look for if someone does manage of worm their way into a position to which they have no right.
See Dave Lindorff, Fraud Watch: Protecting Clients From Elder Abuse, Financial Planning, May 13, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
