Florida Lawmakers Draft Bill That Would Protect Older Adults' Money

Florida lawmakers are proposing tighter controls over senior guardians so older Floridians are better protected against shady financial advisers, reports Fox 35 . The draft bill would mandate courts to check for conflicts of interest before assigning guardians to clients. Sen. Kathleen Passidomo (R-Fla.) says senior financial exploitation is "becoming a huge problem financially. Billions of dollars from our older populations are being targeted. As a state, we need to make sure we protect our vulnerable, elder citizens." The bill passed the state House committee and is headed for a hearing on the Senate floor.