Money Fix: Preventing elder financial abuse
Seniors who hold about $18 trillion in assets are targets for scammers, experts say. The best protection is to develop a plan with an elderly loved one, experts say. Credit: Newsday Illustration, 2008 / Jack Sherman
Elders lose almost $3 billion a year to scammers.
"Because seniors over 65 hold about $18 trillion in assets, they are targets," says Andrew Stoltman, a Chicago lawyer who represents seniors in investment fraud cases. How best to protect your aging loved ones from predators? Here are some suggestions.
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