The New York Times yesterday had an excellent article on scams aimed at the elderly. They particularly took to task organizations that offer “credentials” as a certified professional/advisor, credentials that are typically bought more so than earned. I have been approached by these firms as well and have been cautious. Rightly so it turns out.
Bottom line, do your homework when looking at getting your financial house in order. The credentials you want to look for in a professional counseling you or a loved one in this area is “Certified Financial Planner” or “Chartered Financial Analyst.” These professionals have truly earned their titles and know what they are talking about.