Yearly Archives: 2018

ATTORNEY NEWSLETTER Internal Revenue Service Whistleblower Awards The new tax season is almost upon us and tax cheats will have another opportunity to avoid taxes. Tax fraud ranges from cheating on a 1040 to massive tax avoidance schemes, often offshore, amounting to millions in unpaid taxes. The Internal Revenue Service […]

ATTORNEY NEWSLETTER Physician Groups Settle Whistleblower Case for $33 Million False Claims Act Suit Whistleblower/qui tam cases brought under the federal False Claims Act (FCA) often involve false claims for payment under government programs like Medicare and Medicaid. In a recent $33 million settlement announced by the Department of Justice, […]

ATTORNEY NEWSLETTER Nurse Receives Award For Reporting Nursing Home Abuse The San Mateo County and California nursing home abuse attorneys at Evans Law Firm Inc. often share in this column stories of nursing home abuse, including incidences of overmedication or improper medication of patients as a form of abuse. A […]

ATTORNEY NEWSLETTER Understanding Income Riders Income Riders Flood Annuities Market A flood of new income riders on annuities partially explains a recent boom in sales. Annuity sales hit a record $203 billion last year.  Before you climb abroad this fast-moving train, make sure you understand what annuities are, what income […]

ATTORNEY NEWSLETTER Elder Abuse in San Francisco Financial elder abuse is a growing epidemic in this country and San Francisco is no exception. Every day in our city the elderly are exploited financially, most often by persons they know.  Nationally, financial elder abuse costs elderly Americans over $30 billion a […]

ATTORNEY NEWSLETTER Understanding Annuities Tying Up Savings and Hidden Costs Annuities are insurance contracts sold to provide guaranteed income for life. Deferred annuities defer that income (and possibly taxes) until a future date. Insurance agents and advisors promote annuities as retirement savings vehicles. We at Evans Law Firm represent clients, […]

ATTORNEY NEWSLETTER Guggenheim Partners/Security Benefit Total Value Annuities (TVAs) The life insurance and annuity attorneys at Evans Law Firm Inc. represent clients who have suffered losses on all types of life insurance and annuity contracts, including indexed annuities. Indexed annuities are hybrid annuities that offer both a minimum fixed rate […]

ATTORNEY NEWSLETTER Problems with Annuities as Savings Vehicles Are Fixed or Variable Annuities Right for You? Insurance salesmen pitch fixed and variable annuities as savings mechanisms for retirement or other long-term goals such as college education savings. Retirement savings or a child’s college account are the last places customers want […]

ATTORNEY NEWSLETTER FINRA Concerns With L Share Annuities L Share Variable Annuities are a type of variable annuity where the surrender charge period under the contract is shortened to three or four years, as opposed to seven to ten years under standard variable annuities. L Share annuities have higher administrative […]

ATTORNEY NEWSLETTER Understanding Death Benefit Riders The Death Benefit Sales Pitch Chances are, if an agent has pitched you on an annuity, he or she touted its “death benefit” as a major selling point. According to the sales pitch, death benefits guarantee your heirs a return of your annuity premium […]