Yearly Archives: 2018

ATTORNEY NEWSLETTER The Dangers of Relying on Annuities as Retirement Savings Recent studies by the Economic Policy Institute and other economic thinktanks reveal that Americans are increasingly at risk of retiring broke. Studies indicate that 42 percent of Americans have less than $10,000 tucked away for retirement.  Retirement preparedness varies […]

ATTORNEY NEWSLETTER Financial Elder Abuse Recovery For Victims Financial elder abuse takes many forms and strikes seniors in Alameda County and throughout California every day. The Alameda County and California financial elder abuse attorneys at Evans Law Firm represent victims in civil actions against all manner of abusers: insurance agents, […]

ATTORNEY NEWSLETTER Understanding Indexed Annuities Insurance agents are seizing the volatile stock market and rising interest rates as selling points in pushing indexed annuities. Concern over market volatility is understandable but indexed annuities are not the answer.  The annuities lawyers at Evans Law Firm, Inc. recommend a very close look […]

ATTORNEY NEWSLETTER Commodity Futures Trading Commission Whistleblower Program Futures and derivatives trading played a major part in this country’s financial crisis of 2008. Some of that trading was based on misrepresentations and fraud.  The Commodity Futures Trading Commission (CFTC) oversees futures, options, currency and derivatives trading in the United States […]

ATTORNEY NEWSLETTER Financial Elder Abuse And Insurance Products Seventy percent of personal wealth in the U.S. is held by seniors, and the senior population is growing rapidly. Ten thousand Americans turn 65 years old every day, a pace that won’t slow down until around 2030. As one regulator put it, […]

ATTORNEY NEWSLETTER Financial Elder Abuse Comes From All Directions Financial elder abuse takes many forms and comes from many different directions. Thousands of seniors suffer injury at the hands of people they know; thousands more are victimized by strangers through phone and internet scams.  Elder victims lose their life savings, […]

ATTORNEY NEWSLETTER SEC Considers Allowing Arbitration Clauses in IPOs Investors Could Lose an Important Tool for Fighting Fraud The Securities and Exchange Commission (SEC) is considering a new regulation that would rob investors of an important tool for fighting against securities fraud. The regulation would allow corporations to include a […]

ATTORNEY NEWSLETTER SEC Charges Megachurch Pastor With Fraud Senior citizens are vulnerable to financial predators who are often the very persons seniors respect and trust the most. The Securities and Exchange Commission (SEC) recently charged a prominent national pastor and a financial planner with a fraudulent scheme targeting the elderly.[1]  […]

ATTORNEY NEWSLETTER Deferred Annuities in Trusts Always Check With Your Tax Advisor California seniors often create trusts for holding assets. Trusts provide ease of administration in the event of incapacity and avoid interruption by probate proceedings at death.  But a trust may not be an appropriate ownership vehicle for all […]

According to Consumer Reports, elderly Americans lose around $30 billion each year because of financial abuse. This abuse can take many different forms, whether it is caregivers taking money from seniors improperly, insurance agents and financial advisors who sell inappropriate or unsuitable insurance policies or other investments to seniors, unscrupulous […]