Financial Exploitation of the Elderly in Florida: Financial Adviser Steals Nearly $1 Million from Elderly Man With Alzheimer’s

On September 17, 2018 , the SunSentinel reported about an elderly man who was taken advantage of by a financial adviser at a local bank.  Unfortunately, financial exploitation of the elderly has become a big issue throughout Florida. West Palm Beach guardianship lawyers frequently receive calls from concerned family members regarding their elderly relative being financially abused. Do you know what financial exploitation is? How can you protect your beloved mom or dad from being financially exploited? What should you do if you believe your elderly relative is being financially exploited? How can an experienced Florida guardianship lawyer assist you? Here, the elderly man, who was robbed by the financial adviser, suffered from Alzheimer’s. Alzheimer’s and dementia, unfortunately,  make people an even more attractive target to financial exploiters.  The financial adviser became the elderly man and his wife’s power of attorney and sole beneficiary. Within two years, nearly a million dollars disappeared from the elderly couple’s bank account!  To read the entire article, click here. If you believe someone close to you is being financially exploited by a caretaker, financial adviser, friend, or relative, please feel free to call us for a free consultation at (561)514-0900 Ext.101.