Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada
Wednesday, April 4, 2018
Report on Vulnerable Investors: Elder Abuse, Financial Exploitation, Undue Influence & Diminished Capacity
Posted by
Lynne Butler, BA LLB
I'm glad to see that various sectors of our society are aware of the fact that our aging population is leading to an increase in elder financial abuse and are taking steps to combat it. I was recently provided with the report called "Report on Vulnerable Investors: Elder Abuse, Financial Exploitation, Undue Influence, and Diminished Capacity", which was published in 2017. Click on the title to read the report. It was prepared specifically for people in the investment industry who deal with aging individuals who may be vulnerable due to illness or incapacity, or due to elder abuse. It talks about everything from predatory marriages to joint property, and backs it all up with statistics. It's interesting reading for anyone who deals with seniors and their money.
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