Protecting Older Clients From Fraud
Jun 4, 2012
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By Helen Modly, CFP, CWPA, and Sandra Atkins, CPA/PFS
Your 87-year-old widowed client calls and very excitedly asks you to transfer $10,000 to her checking account to pay an estate tax so she can receive an inheritance from a distant relative. Turns out she doesn't know the relative, but the nice man on the phone told her that she will inherit $95,000 as soon as she pays. What do you do?