ATTORNEY NEWSLETTER Disadvantages O For Seniors Exiting Contracts Is Costly Sales Commissions, Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, like most deferred annuities, impose […]

ATTORNEY NEWSLETTER Case Example Bank Noticed Suspicions Activity Protecting Older Loved Ones While all seniors are potential victims of financial elder abuse, those who are alone and under the care of an in-home caregiver are particularly at risk if the caregiver is a dishonest person looking to take advantage of […]

ATTORNEY NEWSLETTER Alleged Failure To Comply With Regulations For Cardiac Procedures Whistleblower To Receive $4.36 Million Reward How Qui Tam Cases Begin Private citizens bring cases in federal courts throughout the country under the False Claims Act, (“FCA”), 31 U.S.C. § 3729 et seq, to help the government recoup funds […]

ATTORNEY NEWSLETTER Complicated Contracts Difficult To Understand Costly To Exit Due To Surrender Penalties Returns Diminished By Fees And Caps Seniors are often targeted by insurance agents with proposals for deferred annuities as vehicles for retirement income. Deferred annuities are insurance products and are not like direct investments in mutual […]

ATTORNEY NEWSLETTER Remember Senior Loved Ones and Friends On The Fourth Maintain An Active Role In Senior Lives Happy Fourth of July 2024!  Holidays are made for good times with family and friends and we at Evans Law Firm wish you a happy and safe Fourth of July.  We hope […]

ATTORNEY NEWSLETTER Case Example With Over $1 Million Allegedly Taken Fraudulent Checks And Phony “Gifts” To Caregiver Alleged Remedies For Seniors And Their Families Older persons lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. The true […]

ATTORNEY NEWSLETTER Senior Victim Of Caregiver Fraud Caregiver Entrusted To Pay Senior’s Bills Unauthorized Card Charges And Overdrawn Account Never hand an ATM/debit card or credit card to a caregiver and ask them to go get cash or make purchases.  Never give out any PIN numbers. Never give a caregiver […]

ATTORNEY NEWSLETTER Low Returns And High Fees Withdrawal Penalties Last For Years Unfavorable Interest Crediting Formulas Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. The contracts are illiquid because during […]

ATTORNEY NEWSLETTER Case Example Of Alleged Caregiver Fraud Victim’s Family Discovers Suspicious Payments And Checks Protecting Seniors From Fraud California broadly defines what constitutes financial elder or dependent adult abuse: (a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following: (1) Takes, […]

ATTORNEY NEWSLETTER Agents Have Broad Authority Under Powers Of Appointment Self-Dealing And Conflicts Of Interest Remedies For Injured Seniors Powers of attorney are extremely important estate planning tools for all of us as we age; it is helpful to have such arrangements in place before the need for them arises […]