Spot the Warning Signs of Fiduciary Financial Abuse

One in 20 older adults is a victim of financial mistreatment, according to the National Adult Protective Services Association. Most fail to report their victimization, fearing a loss of independence. In fact, experts fear that only 1 in 44 cases is reported. The True Link Report on Elder Financial Abuse 2015 estimates that more than $36 billion is fraudulently taken from the elderly every year.

The most common perpetrators of financial abuse are family members, unscrupulous caregivers and professional advisers, such as lawyers, accountants and financial advisers.

Advocacy groups use the term "endangered person" to refer to anyone who is a target