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Today is World Elder Abuse Awareness Day. The Office of Troy Downing, the Commissioner of Securities and Insurance, reminds financial professionals and the general public throughout Montana to be on the lookout for signs of elder financial abuse including potential exploitation by guardians. Whether publicly funded or privately appointed a guardian has a legal obligation to act in the best interest of a protected individual. Guardians often are granted extensive access and control of a protected individual’s assets. Financial abuse or exploitation by guardians could occur if the guardian improperly uses the protected individual’s funds securities, property or other assets.
