Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Empirical Evidence of the Effectiveness of Class Actions Data Shows Societal Benefits Statistical data demonstrates the effectiveness of class actions in achieving two important goals: (1) compensation for persons who have suffered economic injury and (2) deterring corporate misconduct. Indeed, the statistics show that nothing else compares to […]

ATTORNEY NEWSLETTER Resist The Annuities Sales Pitch Sales Commissions And Annual Fees Erode Returns Bonds And Other Fixed Income Investments Carry No Penalties The lawyers at Evans Law Firm, Inc. recommend against annuities especially for seniors, because commissions, fees and surrender penalties reduce returns and make it expensive to get […]

ATTORNEY NEWSLETTER Avoid The Push Toward Annuities Insurance Agents and Banks Earn Commissions on Sales Annuities Impose Withdrawal Penalties And Hidden Fees Watch out if your banker, an insurance agent or financial advisor recommends you convert a maturing CD into an annuity. The lawyers at Evans Law Firm, Inc. recommend […]

ATTORNEY NEWSLETTER Avoid The Hype on Fixed Index Annuities Insurance Not Investment Fixed index annuities (FIAs) are sold by agents as “safe” market return products. Don’t buy it. Our lawyers recommend avoiding annuities of any kind, including fixed index annuities, especially for seniors. Fixed index annuities, like all annuities, are […]

ATTORNEY NEWSLETTER Caregivers Prey On Lonely Widows and Widowers Protect Your Children’s Inheritance in the Family Home Consider Life Estates Sadly, there’s a repeating pattern of caregivers getting their hands on a senior’s home after a spouse of many years passes away. Isolated seniors are particularly vulnerable to financial exploitation […]

ATTORNEY NEWSLETTER Ponzi Schemes Increasingly Target Older Investors One Red Flag: Promises of Guaranteed High Returns In a Ponzi scheme, fraudsters use money they collect from new investors to pay existing investors. What appears to be a return on your investment is actually money from another investor who has been […]

ATTORNEY NEWSLETTER Caregivers and Financial Elder Abuse Caregiver Accused of Stealing $1.1 Million From 94-Year-Old Preventing Caregiver Account Access In-home caregivers have access to a senior’s valuables, credit cards, bank accounts and important papers unless you keep them out of reach. They also have access to a senior’s accounts via […]

ATTORNEY NEWSLETTER Gold Scams Target Older Investors Financial Elder Abuse And Commodity Futures Trading Commission Whistleblower Cases Unscrupulous gold and rare coin dealers  target seniors in scams because seniors are likely to pick up a phone or respond to an email, and are eager to supplement retirement savings based on […]

ATTORNEY NEWSLETTER Banks File $5 Billion in Suspicious Activity Reports of Financial Elder Abuse in 2019 Financial Elder Abuse Can Strike Any Senior Reports of Suspicious Activity Up 300% Seniors in the City of San Francisco and throughout California are increasingly victims of financial elder abuse more than any other […]

ATTORNEY NEWSLETTER Avoid The Push Toward Annuities Your Retirement Portfolio Does Not Need An Annuity Annuities are insurance policies not investments like CDs, stocks and bonds, or mutual funds. Like other insurance products, annuities are complicated contracts and produce high commissions for the agents that sell them.  Our litigators recommend […]