Experts interviewed by Morse predict that the number of scams will continue to increase as America's population ages during the next several decades.
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Although the most famous recent scams have been internet-based (including the ubiquitous requests to provide your bank account information so that untold millions can be wired to you right away), there are also a number of "door-to-door" operators who take advantage of older people with offers to do non-existent repairs -- so long as payment is up-front.
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One step with which an estate planning attorney can assist in the effort to avoid becoming a victim of financial fraud is a discussion about the process of selecting an agent or agents under a durable power of attorney. As Morse points out in his article, choosing an agent who does not have one's best interest at heart can be a costly mistake.
