Financial exploitation of elders continues to be a serious, unaddressed problem in Massachusetts. More than unauthorized use of a credit card or phone scams, financial exploitation can involve a finely tuned collaboration of multiple parties, targeting specific elders and their assets, separating them from their families and their homes, possessions, stocks and bank accounts. Elders, sitting on a lifetime of assets, may be particularly vulnerable to the persuasive and complex sales pitches of assisted living facilities, Realtors, financial advisers, land developers and attorneys.
Read more: http://www.newburyportnews.com/opinion/x10365858/Help-to-stop-financial-exploitation-of-elders