Wealthy people rely on their instincts to tell them when someone is trying to fraudulently separate them from their wealth. When someone is trying to scam us, we just know. Until recently, we have not known how this works, but recent research at UCLA has uncovered the mystery.
When we see another person’s face, our brain sends out signals that help us read that face. One segment of our brain is responsible for telling use when a face is untrustworthy. This is how we know that someone is trying to scam us. Our brain tells us with chemical signals.
However, there is a problem with this particular segment of the brain. As people get older, it stops working. We no longer get signals that a face is untrustworthy. This is why elderly people so often fall victim to scams. Their brain is telling them that everyone they encounter is trustworthy.
There is nothing that we can do about how our brain ages, but there are things that we can do to protect ourselves when it happens to us. Talk to an estate planning attorney about your options for doing so.