Marty Feldman offers a Senior Financial Tip and this tip is about how seniors tend to trust individuals who appear to be in authority. These so-called trusted individuals can persuade a senior to co-sign a loan or be promised companionship in exchange for money. Beware Of Financial Scams & Requests For Money:

It’s important that the seniors in your life know they should never sign a document without having a trusted family member or financial advisor look at the document.

Remember: Financial entitlement is when someone gains the trust of a senior for ill gain.

Keep an eye out for someone who wants to gain the trust of the senior in your life for their own financial gain.

Senior Financial Tips brought by Marty Feldman Center for Financial Planning Wayne State Institute of Gerontology and Baldwin Society.