Monthly Archives: July 2018

ATTORNEY NEWSLETTER Be Wary of Annuities in IRA Accounts Tax deferral is the key to successful retirement savings. IRAs, 401(k)s, SEPs and the like offer deferral and savers can see their retirement savings grow tax-free until it’s time to withdraw without penalty after age 59 ½. Annuity salesmen often counsel […]

ATTORNEY NEWSLETTER Nursing Home Understaffing New Data: Nursing Homes Inflated Staffing Reports For Years Nearly 1.4 million Americans reside in skilled nursing facilities. The majority of patients require daily assistance with bathing, eating, dressing and mobility.  Recently released data indicates that thousands of nursing homes exaggerated staffing levels for years […]

ATTORNEY NEWSLETTER Financial Exploitation of Seniors Stay Alert and Look for Warning Signs of Financial Abuse The best protection against financial elder abuse of your senior loved one is an active, strong support system protecting them from exploitation. Stay involved and maintain an ongoing conversation about the elder’s financial and […]

ATTORNEY NEWSLETTER Watch for Signs of Financial Elder Abuse Do you have an elderly loved one living alone? Sadly, he or she may be a prime candidate for financial elder abuse by acquaintances or even strangers.  One in five seniors will experience some form of financial elder abuse in their […]

ATTORNEY NEWSLETTER Stricter Investigation Rules for Victims Nursing home abuse is a real problem in California and the California Legislature is doing something about it. Effective July 1, 2018, California law requires the Department of Public Health (DPH) to complete investigations of nursing home complaints within 60 days of receipt. […]

ATTORNEY NEWSLETTER Inappropriate Annuity Replacements Churning Annuities Be careful whenever an insurance agent recommends you replace an existing annuity or whole or universal life insurance policy with a new one. Replacements of existing policies result in commissions payable for the new policy, surrender charges for the old policy and a […]

ATTORNEY NEWSLETTER Liability for Misinformation A classic type of securities fraud is when advisors/sellers lure investors into transactions with fraudulent statements or misinformation. When the advisor is the author of the fraudulent statement, liability is clear.  When the advisor merely passes along a fraudulent statement made by another, liability is […]

A California securities fraud attorney can provide representation to those who have been victimized by fraudulent acts that caused them to suffer financial loss. Many people, unfortunately, assume that if they do business with well-known investment firms or investment advisors that they can count on the advice they receive and […]

ATTORNEY NEWSLETTER Elder Abuse in Nursing Homes Serious Cases Underreported A recent federal investigation by the Department of Health and Human Services disclosed that more than 25 percent of serious nursing home abuse incidents are never reported to law enforcement agencies. Unreported cases include cases where the nursing home resident’s […]

ATTORNEY NEWSLETTER Life Insurance Churning Millions of older Americans have whole life insurance policies with accumulated cash value. Typically, they were sold those policies when they were much younger as a tax deferred savings vehicle, passing the accumulation on to their children when they died.  Some insurance agents spot these […]