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Steve


In a world where financial abuse is on the rise, especially among our elderly population, it's crucial we stand as their guardians. According to recent statistics, 1.5 million older adults in England were victims of financial abuse in 2020. As trusted advisers, we have a pivotal role in identifying and preventing these injustices.

Here are some steps we can take:

  1. Stay vigilant for signs of financial abuse, including unusual withdrawals or changes in financial behaviour.

  2. Educate clients and their families on how to safeguard against abuse.

  3. Encourage the setup of Lasting Powers of Attorney (LPA) to protect assets and decisions.

  4. Regularly review and discuss wills and financial plans with your clients.

Let's ensure our clients' financial well-being and dignity remain intact. Together, we can make a difference.


https://academyoflifeplanning.blog/.../addressing.../

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