Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Long-Term Care Insurance Claims Long-Term Care Insurance has always been sold by agents to help you pay for care when, later in life, you are unable to take care of yourself. Insureds trusted the policies would cover the costs of assisted living care, skilled nursing facilities, and in-home […]

ATTORNEY NEWSLETTER Powers of Attorney and the Elderly 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. Someone with a Power of Attorney has legal authority to do things like transfer […]

ATTORNEY NEWSLETTER Fighting Harm to Senior Citizens Insurance agents and carriers target seniors for expensive insurance products like life insurance and annuities that charge high premiums and pay big commissions but are unsuitable for the senior’s financial picture and station in life. After the policies are in place, seniors find […]

ATTORNEY NEWSLETTER Seniors Beware of Deferred Annuities Deferred annuities are complicated insurance policies where the policyholder pays a premium today for a series of income payments in the future. Carriers and agents sell deferred annuities with fixed interest rates, variable rates, and in policies offering fixed and variable funds. All […]

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 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 […]

ATTORNEY NEWSLETTER Restraining Orders Protect Victims What Evans Law Firm Can Do To Help Restraining orders are a powerful tool in the fight to protect seniors and dependent adults from abuse. Sadly, seniors and dependent adults are vulnerable to all manner of abuse: financial, physical, sexual, and emotional/psychological[1] and restraining […]

ATTORNEY NEWSLETTER Financial Elder Abuse At Banks Fraud At The Teller’s Window Fraud on seniors is increasingly in the news and scams typically result in a senior withdrawing money from his or her bank account. Unlike most younger people, seniors still go to bank tellers to get cash. Alert bank […]

ATTORNEY NEWSLETTER Preventing Fraud and Abusive Practices Always Check Backgrounds Before You Buy Hopefully, you already check the backgrounds of any contractors or caregivers or others you let in your home to do work. Checking the background of anyone trying to sell you an investment is equally important!  The Securities […]

ATTORNEY NEWSLETTER Unscrupulous Stockbrokers Prey on Elderly Recently, a large national stockbrokerage discharged two veteran brokers for financial elder abuse of senior customers.[1]  One broker talked the senior into naming the broker’s children as beneficiaries on the senior’s account and the other accepted unauthorized instructions from a third party to […]