Category: Elder Financial Abuse

ATTORNEY NEWSLETTER California elder abuse attorneys want to advise family members and loved ones on how to select a caregiver, and signs of elder abuse to watch for. Elder abuse is defined as intentional actions that can cause harm or create serious risk of harm to a vulnerable elder, perpetuated […]

ATTORNEY NEWSLETTER The Financial Industry Regulatory Authority (FINRA) has launched a toll-free line to support senior citizens and advise them on financial matters. The FINRA Securities Helpline for Seniors is designed to help older investors get neutral, informed advice regarding their brokerage accounts and investments, and avoid seniors from becoming […]

ATTORNEY NEWSLETTER Insurance companies and their agents may use various schemes to market and sell deferred annuities. California annuity fraud attorneys want to make consumers, and particularly senior citizens, aware of these schemes. To read more about the risks of deferred annuities and how to prevent them, read our previous […]

ATTORNEY NEWSLETTER California financial fraud attorneys want to provide consumers with tips, tools, and resources to protect against the risks of purchasing deferred annuities. For more on deferred annuities and their risks, read here: /the-risks-of-deferred-annuities-and-what-youre-really-paying-for/. TIPS TO DETERMINE IF A DEFERRED ANNUITY IS AN APPROPRIATE INVESTMENT FOR YOU: -Research the […]

ATTORNEY NEWSLETTER Deferred annuities are a financial product that delays payments of income until the investor elects to receive them. This type of annuity has two main phases, the savings phase in which you invest money into the account, and the income phase in which the plan is converted into […]

ATTORNEY NEWSLETTER The insurance commissioners association has been working on new rules to limit captive reinsurance, and formed a new working group to study why captive reinsurance has now spilled over from life insurance into annuities. The group is led by Nick Gerhart, Iowa’s insurance commissioner. A recent New York […]

ATTORNEY NEWSLETTER California elder abuse attorneys commend the White House Council on Aging for their recent initiatives to address elder abuse. The council is currently hosting regional forums in advance of their once-a-decade national forum. There are four points of emphasis that the regional forums, which are co-sponsored by AARP […]

ATTORNEY NEWSLETTER California financial elder abuse attorneys want to pass along tips to combat and prevent elder abuse from The Elder Justice Roadmap, a report recently released by the U.S. Department of Justice and the Department of Health and Human Services. According to the report, only one in 24 cases […]

ATTORNEY NEWSLETTER California securities fraud lawyers want to warn consumers, particularly senior citizens, about various types of securities fraud schemes. Seniors can be prime targets for investment scams and fraud, as they often have excellent credit, own homes, and have a nest egg. One such type of fraud that seniors […]

ATTORNEY NEWSLETTER The National Center on Elder Abuse wants to make the public aware of “The Grandparent Scam,” a scam targeting the elderly. The Grandparent Scam attempts to get an elderly person to wire a large sum of money, and losses are usually several thousand dollars per victim. In the […]