![]() It demonstrates how vital it is for us to keep a close eye on our loved ones and, for financial professionals, clients who need our support more than ever. The movie actually serves as a reminder to ensure that our loved ones and their life savings remain safe. ![]() Meet with a vetted professional (e.g., attorney, banker or doctor) to review your options on how to best approach the situation, or contact Adult Protective Services and/or local police for assistance. A crooked legal guardian who drains the savings of her elderly wards meets her match when a woman she tries to swindle turns out to be more than she first. If you become a victim of elder financial abuse, reach out to a trustworthy and supportive friend or family member to act as your advocate. New "friendships" where they may be being taken advantage of.Uncharacteristic activity in your family member's bank accounts or unusual ATM withdrawals.Lack of awareness or confusion, leading to poor decision making. In dark Netflix thriller I Care a Lot, a predatory court appointed guardian wreaks havoc, a story that’s far closer to reality than one would expect Rosamund Pike and Dianne Wiest in I Care.Here are some warning signs that a family member may have fallen prey to senior financial abuse: Isolation allows strangers to take advantage of the elderly more easily than others. Oftentimes, perpetrators target elderly people with no relatives or close friends to check in on them. Seniors can be financially exploited through various scams such as identity theft, credit card misuse, email schemes, forged checks, stolen jewelry, etc. That makes baby boomers and older generations the perfect prey. With those 50 years of age and older controlling some 70% of the nation's wealth, the likelihood of these type of scheme will only increase. This type of financial abuse cost seniors about $2.9 billion in 2019, according to various reports. More from FA Playbook: 'Investor alpha' is the most important financial strategy for 2021 How to create a charitable trust as part of an estate plan Here are 5 lessons the pandemic taught this financial advisorĪlthough the movie may seem to have a far-fetched premise, elder financial abuse is a very common crime in the U.S. With her lover/partner Fran (Eiza Gonzalez), Marla runs an operation where she takes over the legal guardianship of older. Up against her quick-witted legal jargon, no one can come close to beating her in the courtroom, which keeps her schemes and business model intact and leaves older, vulnerable people susceptible to being swindled. Marla Grayson (Pike) is an audacious grifter who, in her words, cares. With this new legal power over her clients' finances, Grayson drains their bank accounts and pockets any valuables for herself. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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