Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Elder Abuse on the Rise Warning Signs of Elder Abuse Elder abuse is quickly becoming commonplace for far too many of our seniors. The National Council on Aging recently estimated that one in ten seniors over 60 have been abused in the US, and that practically 50 percent […]

ATTORNEY NEWSLETTER Understand What An Agent Is Trying To Sell You Resist High-Pressure Sales Annuities Are Expensive, Complicated Insurance Products A recent study shows only 27% of Americans believe they will be financially secure in retirement. Insurance agents dwell on statistics like that, especially when luring older consumers into annuities. […]

ATTORNEY NEWSLETTER Seniors Targets of Financial Elder Abuse If You’re a Victim, We Can Help Unscrupulous stockbrokers, insurance agents, financial advisors and retirement planners all prey on seniors with money to invest. Seniors are natural targets as they hold 1/3 of the nation’s wealth. Seniors may also be more receptive […]

ATTORNEY NEWSLETTER Risk of Financial Elder Abuse by Caregivers Spotting Financial Elder Abuse Earlier this summer police arrested the former caregiver of late Marvel Comic creator Stan Lee on charges of fiduciary elder abuse,and embezzling artwork, cash, and other assets, worth over $5 million.[1] Months before he died, Lee had […]

ATTORNEY NEWSLETTER The Risks of Financial Elder Abuse Growing Financial Elder Abuse Can Be Devastating Looking for Signs Reports of every form of elder abuse are up in Alameda County but particularly financial elder abuse; more than 70% of reported cases in Alameda County now involve financial elder abuse. Physical […]

ATTORNEY NEWSLETTER California Law on Gifts to Care Custodians Tightening the Marriage Loophole for Gifts to Care Custodians California law presumes that gifts – made either during life or at death – by an elder or dependent adult to their care custodian[1] are the product of undue influence (a defined […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complex and Expensive The Greatest Consumer Risk: Not Understanding What You’ve Been Sold Our lawyers recommend you always beware when an insurance agent tries to sell you annuities or life insurance, particularly if you’re a senior. Annuities are complicated insurance products with a lot of […]

ATTORNEY NEWSLETTER The Pitfalls of Reverse Mortgages Problems for Surviving Spouses Natural Disasters and Reverse Mortgages “Reverse mortgages are just a terrible idea for seniors, unless they have no other options.” That’s what our own Ingrid M. Evans told a reporter for realtor.com covering a story this past Spring of […]

ATTORNEY NEWSLETTER What It Means For An Investment To Be Liquid Versus Illiquid Annuities Tie Up Your Money For Years Our lawyers recommend you always beware when an insurance agent tries to sell you annuities or life insurance, particularly if you’re a senior. One of the primary reasons senior consumers […]

ATTORNEY NEWSLETTER Variable Annuities Are Complex and Expensive The High Cost of Variable Annuities Our lawyers recommend you always beware when an insurance agent tries to sell you annuities or life insurance, particularly if you’re a senior. Annuities may be fixed (locked in interest rate), indexed (a blend of locked […]