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.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
