Category: California Financial Elder Abuse Attorney

ATTORNEY NEWSLETTER Understanding Fixed Indexed Annuities Fees And Complicated Return Calculations  Lengthy Surrender Periods  Agents who sell deferred annuities like fixed indexed annuities to seniors receive a commission as high as 10% on the sale. Fixed indexed annuities are sold during times of volatile markets as offering security against falling […]

ATTORNEY NEWSLETTER 1500 Unauthorized Transactions Discovered By Authorities Caregiver Accessed Retirement, Checking And Savings Accounts Elderly Husband And Wife Suffer From Alzheimer’s Unscrupulous caregivers with access to a senior’s bank account information can, if undetected, execute unauthorized transfers and withdrawals and forge checks to drain those accounts for themselves.  Seniors […]

ATTORNEY NEWSLETTER Government Charges Defendant Ran Scheme For Nine Years Victims Primarily Elderly Investors False Promise Of Guaranteed Income And Other Misrepresentations Financial elder abuse can strike a particular senior citizen or can be a largescale fraud striking numerous elderly victims such as investment fraud like a Ponzi scheme, where […]

ATTORNEY NEWSLETTER Unsuitable Insurance For Seniors Questionable Sales Tactics Red Flags For Consumers Insurance companies may offer commissions as high as 10 percent to agents to sell products like long-term deferred annuities to senior citizens. In this environment, consumers should arm themselves with information to protect their interests. Evans Law Firm, […]

ATTORNEY NEWSLETTER Understanding The Disadvantages Of Universal Life Insurance Six Issues To Consider Always Get A Second Opinion Evans Law Firm, Inc. generally cautions against universal life insurance and deferred annuities for senior consumers because these insurance products are expensive, complicated, and tie up invested money for long periods of […]

ATTORNEY NEWSLETTER Suit Alleges Suspicious Wire Transfers, Cash Withdrawals And Advances Victim Allegedly Lost $370,000 Fraudulent Wires And Transfers Allegedly Executed At Six Bank Branches Seniors can be victims of theft and financial elder abuse in single transactions or may be victimized by an entire series of fraudulent transactions or […]

ATTORNEY NEWSLETTER Prohibitions Against Sales Of Unsuitable Insurance Policies Unsuitable Sales To Seniors Is Financial Elder Abuse Red Flags In Sales Pitches Insurance agents who sell unsuitable insurance products, including indexed annuities, to seniors violate the California Insurance Code and Financial Industry Regulatory Authority (FINRA) regulations against the sale of […]

ATTORNEY NEWSLETTER Victim Suffered From Alzheimer’s $117,000 In Suspicious Transactions In Bank Account Audit Uncovers Misuse Of Power Of Attorney Financial Powers of Attorney (POAs) grant the agent acting under them broad powers over virtually all of a principal’s financial affairs and allow access to bank accounts.  See Cal. Prob. […]

ATTORNEY NEWSLETTER Family Discovers Large, Unusual Transactions Caregiver Had Senior’s Credit Card And Checks Caregivers Alleges That Senior Made Gifts To Her There is a very real danger of theft and financial elder abuse whenever a caregiver has access to a senior’s credit cards, cash, checks, or bank account information.  […]

ATTORNEY NEWSLETTER Caregiver Arrested On 99 Felony And 11 Misdemeanor Charges Accused Of Stealing Jewelry, Money And Drugs Also Charged With Withholding Care From 44 Residents Seniors under the care of other persons are at risk of all manner of elder abuse, including financial, emotional, physical, and sexual abuse.  Often, […]