What is Fiduciary Abuse?
This is a situation by which an individual who is legally responsible for managing another person’s assets uses his or her power to benefit financially in an unethical or illegal manner. Fiduciary abuse can be done by anyone such as a financial advisor, power of attorney, or family member.
A Growing Problem
Many times the elderly have a difficult time managing their money, and so they are dependent on others for help. This is when that unscrupulous individuals step in and make attempts to obtain monies from property, land, goods and bank accounts.
Who could provide financial abuse of your loved ones?
To determine if your loved one is being abused financially, we must first clarify who could potentially lead to abuse.
A surprisingly large number of cases of financial abuse occur between an older person and their caretaker. This can include guardian…
View original post 653 more words