Yearly Archives: 2019

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 but administrative fees and mortality expense rates are higher. L-Shares are also often sold with long-term riders […]

ATTORNEY NEWSLETTER Internal Revenue Service Rewards Whistleblowers Offshore Tax Avoidance Schemes Targeted The Internal Revenue Service (IRS) rewards people who provide credible information to the IRS regarding tax scams including tax avoidance through the use of offshore accounts and companies. The IRS aggressively pursues taxpayers who use offshore tax avoidance […]

ATTORNEY NEWSLETTER Financial Exploitation of Seniors Law Enforcement Nabs Abusers Preying on the Elderly Financial exploitation of the elderly comes in different shapes and sizes. Last week, local law enforcement apprehended two suspects alleged to have extorted more than $180,000 from members of San Francisco’s Chinese community in the final […]

ATTORNEY NEWSLETTER Genworth Life and Annuity Insurance Company Whole and Universal Life Insurance Required Disclosures to Senior Policyholders If you are over age 60, live in Marin County or elsewhere in California, and have cancelled (or surrendered) a whole or universal life insurance policy issued by Genworth Life and Annuity Insurance […]

ATTORNEY NEWSLETTER Nursing Home Residents at Risk of Abuse and Neglect When Quality Care Loses Out to the Bottom Line The nursing home abuse attorneys at Evans Law Firm, Inc. represent elderly persons injured by abuse or neglect in the nursing homes of Marin County and throughout California. Our attorneys […]

ATTORNEY NEWSLETTER Financial Powers of Attorney and the Elderly A financial Power of Attorney (POA) is a very important legal document where the principal authorizes an agent to act on the principal’s behalf in business transactions and more.[1] Someone with a financial Power of Attorney has legal authority to transfer […]

ATTORNEY NEWSLETTER How Insurance Agents Can Financially Exploit Seniors Unscrupulous insurance agents can really wreak havoc on a senior’s finances. Agent misconduct ranges from outright theft to more subtle forms of exploitation such as selling unsuitable life insurance and annuity policies or churning a senior’s existing policies into new ones […]

ATTORNEY NEWSLETTER Full and Partial Surrenders or Cancellations of Athene Annuity and Life Company Annuities Athene Annuity and Life Company, formerly Aviva Annuity and Life Company,[1] issues fixed indexed annuities in California.  These contracts, like all deferred annuities, include penalties for early withdrawals, known as surrenders.  Surrenders may be full […]

ATTORNEY NEWSLETTER Government Recovers Over $2.8 Billion Whistleblowers Lead Recovery Efforts Whistleblowers Initiated 75% of All Government FCA Recoveries Whistleblowers carry the laboring oar in enforcing laws against false claims to the government. Of the $2.8 billion recovered by the government in 2018 in False Claims Act (“FCA”)[1]cases, $2.1 billion, […]

ATTORNEY NEWSLETTER Misleading Credit Repair Practices Understanding the Harm to Consumers The California consumer attorneys at Evans Law Firm, Inc. advise consumers to think long and hard before signing up for credit repair services. Credit repair companies advertise heavily through telemarketing and mass media but the services do not always […]