Financial Advisor Checklist – Elder Financial Exploitation

FINANCIAL ADVISOR CHECKLIST – ELDER FINANCIAL EXPLOITATION “RED FLAGS”

• SUDDEN, ATYPICAL OR UNEXPLAINED WITHDRAWALS• SUDDEN CHANGE IN POWER OF ATTORNEY OR BENEFICIARIES• SUDDEN CHANGE IN CARE PROVIDER / NEW SET OF “FRIENDS”• CARE PROVIDER/FRIEND SHOWS EXCESSIVE INTEREST IN CLIENT

FINANCES• DRASTIC SHIFTS IN INVESTMENT STYLE / CLIENT KNOWLEDGE OF

FINANCES• SIGNS OF INTIMIDATION / UNKEMPT APPEARANCE / ISOLATION• CARE PROVIDER DOES NOT ALLOW CLIENT TO SPEAK FOR

HIM/HERSELF AND IS RELUCTANT TO LEAVE CLIENT’S SIDE DURING CONVERSATIONS

• CLIENT SHOWS UNUSUAL FEAR OR SUBMISSIVENESS TOWARD CARE PROVIDER

• CLIENT EXPRESSES FEAR OF NURSING HOME PLACEMENT IF MONEY NOT GIVEN TO CARE PROVIDER

• NEW CARE PROVIDER, RELATIVE OR FRIEND BEGINS CONDUCTING TRANSACTIONS ON BEHALF OF THE CLIENT

• INABILITY TO CONTACT THE CLIENT / ADVISOR CANNOT SPEAK TO CLIENT

• SIGNS OF ILLICIT ACTIVITY

© 2015 Timothy Keeton