Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Liability for Misinformation A classic type of securities fraud is when advisors/sellers lure investors into transactions with fraudulent statements or misinformation. When the advisor is the author of the fraudulent statement, liability is clear.  When the advisor merely passes along a fraudulent statement made by another, liability is […]

ATTORNEY NEWSLETTER Life Insurance Churning Millions of older Americans have whole life insurance policies with accumulated cash value. Typically, they were sold those policies when they were much younger as a tax deferred savings vehicle, passing the accumulation on to their children when they died.  Some insurance agents spot these […]

ATTORNEY NEWSLETTER  What Are Powers of Attorney? A Power of Attorney (POA) is a very important legal document where the principal authorizes an agent to act on the principal’s behalf in business transactions and more. California seniors often execute POAs when their own ability to manage their affairs becomes impaired […]

ATTORNEY NEWSLETTER Unfair Practices by Lender Senior Debtor’s Case Moves Forward A recent California case[1] illustrates a consumer’s rights against debt collectors using unfair practices when trying to collect on a debt.  In the case, an elder homeowner received notice that a mortgage company intended to foreclose on his home.  […]

ATTORNEY NEWSLETTER Stockbrokers Who Prey on Senior Citizens Mention “elder abuse” and many people, including seniors, conjure up images of the fleecing of Brooke Astor’s estate or an elderly relative kept in squalid conditions. What gets far less attention is a subtle though prevalent form of elder abuse–the sort perpetrated […]

Seniors are especially vulnerable to scammers who target them, and a San Jose financial elder abuse attorney should be consulted if you are a senior who has been victimized by dishonest and unethical behavior.  Unfortunately, many elderly investors were recently scammed out of more than $1 million by the pastor […]

ATTORNEY NEWSLETTER What Are Powers of Attorney? A Power of Attorney (POA) is a very important legal document where the principal authorizes an agent to act on the principal’s behalf. The authority of the agent ends either when the principal revokes their authority, or on the death of the principal. […]

ATTORNEY NEWSLETTER Life Insurance Churning Millions of older Americans have whole life insurance policies with accumulated cash value. Typically, they were sold those policies when they were much younger as a tax deferred savings vehicle, passing the accumulation on to their children when they died.  Some insurance agents spot these […]

ATTORNEY NEWSLETTER Beware the Sales Push on Indexed Universal Life Insurance Life Insurance and Retirement Savings Indexed universal life insurance policies (IULs) have been around for years. The sales pitch is always better, tax-deferred, returns on investment.  Some insurance carriers are shifting focus entirely from indexed annuities to IULs as […]

ATTORNEY NEWSLETTER Government Agencies and the Fiduciary Rule Putting You First Last year, the Department of Labor (DOL) announced its fiduciary rule which applies primarily to retirement investment advisors; the rule requires your advisor to put your interests first when it comes to certain retirement savings recommendations. Recently, the Securities […]