Category: Elder Abuse California

ATTORNEY NEWSLETTER Policyholders Risks on Universal Life Insurance 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 skyrocket over time leaving consumers with the poor choice of paying a much […]

ATTORNEY NEWSLETTER Fiduciary Rule No Longer Restraining Brokers Unfortunately, President Obama’s initiative to protect consumers from financial advisors who put their own interests before those of their clients has been destroyed by the current administration. Turning its back on consumers, the Trump Administration stalled and then rejected entirely the Department of Labor’s “fiduciary rule” […]

ATTORNEY NEWSLETTER The Trouble With Annuity Replacements Churning Annuities In shifting economic climates, insurance agents often recommend replacement of old annuity or whole or universal life insurance policies with promises of better, newer products. For most policyholders, especially seniors, replacements are inappropriate because they are expensive, can trigger tax liabilities, […]

ATTORNEY NEWSLETTER Government Investigations of Nursing Home Abuse in California In California, anyone with complaints about nursing homes can file a complaint with the Licensing and Certification Division of the California Department of Public Health (DPH). Nursing home residents and their loved ones can file complaints of abuse, neglect, or […]

ATTORNEY NEWSLETTER Broker Pushed More Expensive Variable Annuities L-Share and B-Share Variable Annuities Not all variable annuities are the same. Carriers offer B-share contracts with long surrender charge periods and L-share policies with shorter surrender periods but higher fees and commissions.  Both types of variable annuities may be inappropriate for […]

ATTORNEY NEWSLETTER Preventing Fraud and Abusive Practices Know Your Adviser Before You Buy Knowing who to trust for professional financial advice may be the most important step for consumers, especially seniors, when turning to an adviser for financial planning help. The San Francisco and California securities fraud and financial elder […]

ATTORNEY NEWSLETTER Wandering: A Real Danger With Alzheimer’s Sufferers Wandering (also known as elopement) is a common behavior for older persons suffering from dementia, especially those with Alzheimer’s disease. Alzheimer’s disease impairs memory and those with impaired memory are often disoriented and incapable of recognizing their surroundings or finding their […]

ATTORNEY NEWSLETTER Court-Appointed Fiduciaries May Abuse Their Trust Stories of Embezzlement, Fraud and Breach of Fiduciary Duty Court-appointed conservators and other fiduciaries (such as guardians or trustees) don’t always protect the persons they’re appointed to protect. Increasingly, we hear of court-appointed fiduciaries embezzling or otherwise betraying the interests of their […]

ATTORNEY NEWSLETTER Tragic Stories of Abuse and Neglect Are All Too Common Accounts of nursing home abuse are really hard to take. But the reality is that residents are often abused and neglected in the very places where they should be protected from harm and cared for. A recently reported […]

ATTORNEY NEWSLETTER How You Can Lose Money On Annuities  Investors, especially seniors, can get into real trouble investing in annuities. Annuities are expensive, complex long-term insurance products that tie up your money for years.  If you need your money for an emergency or increased living expenses, you’ll pay a penalty […]