According to a recent article in Elder Law Answers, 70 percent of the nation’s wealth is controlled by people age 55 and older. Of course, as people get older they need help with day to day activities and finances can be one of those activities. That’s where the potential for fraud comes in.
Many times the perpetrators are people that the victim knows, such as an adult child, grandchild or employed caregiver. Signs that fraud is taking place include: