ATTORNEY NEWSLETTER Creating and Amending Trusts Many Californians, especially seniors, create trusts to hold their assets in part to avoid a lengthy probate process following death. The trusts may be fully revocable by the individual creating the trust (known as the “settlor”) or irrevocable during the settlor’s lifetime.  If revocable, […]

ATTORNEY NEWSLETTER Annuity Scams Targeted At Seniors Annuity Fraud On average, a senior victimized by financial elder abuse loses over $140,000. That level of monetary loss is devastating.  Unscrupulous insurance agents are among the financial predators on seniors, selling them unsuitable annuities and life insurance that line agents’ pockets with […]

ATTORNEY NEWSLETTER Securities and Exchange Commission Pays Out Millions in Whistleblower Awards Whistleblower information about securities law violations can result in big rewards for the whistleblower when the whistleblower brings the information to the Securities and Exchange Commission (SEC). Since 2011, the SEC has paid out hundreds of millions of […]

ATTORNEY NEWSLETTER Policyholder Risks on Universal Life Insurance Hitting Seniors Hardest A hidden risk that premiums can skyrocket lies in universal life insurance. Unlike term and whole life insurance, universal life policies allow flexible premium payments but those payments can increase dramatically over time leaving consumers with the poor choice […]

ATTORNEY NEWSLETTER Beware Fixed Index Annuities Phantom Bonuses and Other Downsides Insurance agents and financial advisors use this low interest rate/volatile stock market environment to push fixed indexed annuities, particularly on seniors or persons getting close to retirement and concerned about future income levels. Agents claim the contracts offer the […]

ATTORNEY NEWSLETTER Healthcare Fraud on the Government Whistleblowers Lead the Way in Recoveries Outlook for 2019 In 2018, the volume of False Claims Act (FCA) litigation remained high, and health care-related qui tam (i.e., whistleblower) cases continued to lead the way.  Data from 2018 suggests that pharmaceutical companies, hospitals, and home health […]

ATTORNEY NEWSLETTER FINRA Continues Fines on Sales of Unsuitable L Share Annuities Variable annuities are sold as B-share and L-share contracts.  B-share annuities are the more common and sold to investors with long-term investment horizons. B-shares typically have lengthy surrender charge periods.  L Share Variable Annuities are a type of […]

ATTORNEY NEWSLETTER Guggenheim Partners/Security Benefit Life Insurance Company 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 […]

ATTORNEY NEWSLETTER Residents with Dementia: Abuse and Neglect When Families are the Only Voice Nursing home residents afflicted with dementia are often unable to speak up for themselves and pursue help when they need it. Such residents are particularly vulnerable to abuse and neglect as they’re largely powerless to complain.  […]

ATTORNEY NEWSLETTER Whistleblowers Bring Most Healthcare False Claims Act Cases Large Whistleblower Awards Healthcare fraud against Medicare and Medicaid amounts to billions of dollars every year. Whistleblowers bring most of the recovery actions when it comes to healthcare fraud against the government and the government rewards them when there is […]