Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Financial Elder Abuse Can Strike Any Senior Isolated Seniors Are Most At Risk What To Watch Out For Statistics show that all seniors are vulnerable to financial exploitation but isolated seniors are at particular risk of. These risks are  intensified as we shelter in place. Caregivers, spouses, boyfriends […]

ATTORNEY NEWSLETTER Commodity Futures Trading Commission Wants Whistleblower Help Blowing The Whistle On Fraud Millions Lose Money To Ponzi Schemes Millions of people lose money every year to Ponzi schemes, which can include lawful investments like securities, commodities, and virtual currencies.  The U.S. Commodity Futures Trading Commission (CFTC) rewards individuals […]

ATTORNEY NEWSLETTER Annuities are Long-Term Insurance Policies Do Not Be Rushed Into An Annuity Commissions, Fees And Surrender Charges Our lawyers recommend avoiding annuities of any kind, especially for seniors, because sales commissions are high, policies tie up your money for many years, and returns are routinely not as high […]

ATTORNEY NEWSLETTER Financial Elder Abuse Can Strike Any Senior Dementia Sufferers At High Risk Abuser Targets Dementia Patient’s Real Estate Caregivers, spouses, boyfriends or girlfriends, insurance agents, financial advisors, trustees, conservators, and persons acting pursuant to Powers of Attorney can all be financial predators. Complete strangers can be abusers too. […]

ATTORNEY NEWSLETTER Cash, Checks, and Caregivers The Danger of Checking Accounts in Easy Reach Preventing Caregiver Theft In-home caregivers have access to a senior’s cash, bank accounts, important papers and other valuables if you don’t take precautions to prevent such access. Greedy caregivers strike quickly and one of their schemes […]

ATTORNEY NEWSLETTER How Do Income Riders Work? Are They Worth It? Our lawyers recommend you avoid annuities, especially if you’re a senior. Be particularly wary when an agent tries to sell you annuities with “enhanced” features like income riders. Income riders, often sold as “Guaranteed Lifetime Withdrawal Benefits” or “Guaranteed […]

ATTORNEY NEWSLETTER Understanding How Fixed Annuities Work Insurance Policies Not Investments Do Not Be Rushed Into A Fixed Annuity Insurance agents are already using the big Dow drop to push the “safety of fixed annuities. Don’t buy it, because that is not the entire story. Our lawyers recommend avoiding annuities […]

ATTORNEY NEWSLETTER Checks, Cash, Credit Cards, and Caregivers The Danger of Checks and Important Papers in Easy Reach Preventing Caregiver Theft In-home caregivers have access to a senior’s checks, cash, jewelry, silver, ATM and credit cards, bank accounts and important papers unless you keep them out of reach. In one […]

ATTORNEY NEWSLETTER Verify You’ve Named The Beneficiaries You Want Outdated Beneficiary Designations Can Cause Problems Keeping beneficiary designations current on life insurance policies, annuities, bank accounts, CDs and IRAs might be one of the most important things you can do to see that your assets pass to the right persons […]

ATTORNEY NEWSLETTER Financial Elder Abuse Can Strike Any Senior Isolated Seniors Are Most At Risk Everyone of us is potentially a victim of financial fraud. A higher percentage of seniors suffer more incidents of financial abuse or fraud and the highest percentage of victims of financial exploitation is isolated seniors.  […]