As Americans live longer, many of them become targets for the unscrupulous.
William P. Isele, a New Jersey Elder law attorney, discussed the problem in JDSupra. Here is an excerpt:
“When I went to the bank last week, it was obvious the bank officer had been waiting for me to come in. He asked if he could speak with me. Without naming names, he discussed a customer of the bank whose banking habits have suddenly changed. Regular checks in large amounts are being written to ‘cash’ and given to a person to whom he is not related. The bank officer asked me: ‘How does a person get a conservator? I think this customer really needs one.’ Banks are often the first to notice questionable financial activity. I told him how to contact Adult Protective Services, and an investigation ensued. APS is now taking appropriate action.”
Read the entire article at JDSupra.com.