Advisors as Guardians

Issues involving seniors and their guardians can sometimes present problems for financial advisors and their elderly clients.

“We are seeing financial exploitation of the elderly by court-appointed third-party guardians where there is little oversight,” said Debby Valdez, president of Guardianship Reform Advocates for the Disabled and Elderly in San Antonio.

The problem is exacerbated by a reported rise in guardianship cases. In a survey conducted by the Center for Elders and the Courts, 37% of judges, court managers and clerks who responded said guardianship filings have increased over the past three years.


Read more from Financial Advisor Magazine here


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