Category: Elder Financial Abuse

ATTORNEY NEWSLETTER It is highly common for an elderly person to obtain a power of attorney. According to the American Bar Association, a Power of Attorney (POA) is a legal document where the principal authorizes an agent to act on the principal’s behalf. The authority of the agent ends either […]

ATTORNEY NEWSLETTER According to the Administration of Aging, (AoA) elder abuse is the knowing, intentional, or negligent act by anyone that causes harm or a serious risk of harm to a vulnerable adult. Elder abuse can come in many forms such as abandonment, neglect, physical, financial, and emotional abuse. There […]

ATTORNEY NEWSLETTER Seniors have increasingly become a target of many crimes. As elders get older, their ability to make smart financial decisions become tougher. As a result, elders will often fall prey to financial elder abuse. According to the National Center on Elder Abuse, financial elder abuse is the illegal […]

ATTORNEY NEWSLETTER Index Universal Life insurance policies are long-term, fixed investments. As the name suggests, it is a permanent life insurance product. Universal life insurance policies are said to guarantee payments to beneficiaries, once the policy holder dies. AXA Equitable Life, Penn Mutual Life, Midland National, Lincoln Financial, Pacific Life, […]

ATTORNEY NEWSLETTER When it comes to elder abuse, oftentimes, one might think that it is purely physical. However, the elder population also fall prey to financial abuse. It is important to break the misconception that senior citizens only experience financial abuse from strangers. In fact, most elder financial abuse cases […]

ATTORNEY NEWSLETTER A report released by the Financial Conduct Authority in February 2014, said that the annuities market is messy and that customers are not getting the deals they deserve. In response, the government has put a cap on the sale of annuities. This cut to the annuities market has […]

ATTORNEY NEWSLETTER 2 million and counting elders suffer from elder abuse every year in the United States. However, with elder abuse on the rise, and the fact that elder abuse are often not reported, the actual number can exceed 2 million. Only one in 24 victims of elder abuse will […]

ATTORNEY NEWSLETTER A report released by the Financial Conduct Authority in February 2014 said that the deferred annuities market is messy and that customers are not getting the deals that they deserve. Deferred annuities are a type of investment popular with seniors and elders. Athene USA, known more as Aviva […]

ATTORNEY NEWSLETTER While seniors and elders would prefer to be able to trust their closest friends and family, the fact is, those are the very people that may be hurting seniors and elders. Whether it is sons and/or daughters stealing from grandparents, or long-time friends suddenly in “dire” financial straits, […]

ATTORNEY NEWSLETTER Seniors and elders are the main targets for insurance and annuity scams. Scammers may set up fake insurance companies or loan seniors and elders money to invest in insurance using fake applications so when the senior or elder dies, the scammer receives all the money. Read the following […]