Category: Elder Financial Abuse

ATTORNEY NEWSLETTER $1 Million Missing From Elder’s Accounts False Checks And Transfers Remedies For Seniors And Their Families Older persons lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. The true figure is likely much, much higher […]

ATTORNEY NEWSLETTER Investment Advisor Targeted Older Customers Several Lost Life Savings How To Avoid This Kind Of Fraud Dishonest financial advisors, life insurance agents, stock promoters and retirement planners prey on older investors, exploiting their fear of running out of money as they grow older.  False promises of high returns […]

ATTORNEY NEWSLETTER Unauthorized Withdrawals From Victim’s Accounts Caregiver Accused Of Abandoning Victim Protections And Remedies For Senior Victims A dishonest stranger posing as a caregiver can rapidly take advantage of an isolated senior once he or she enters a senior’s home and life.  No one should ever let a stranger […]

ATTORNEY NEWSLETTER California Statutory Definition The California Elder Abuse and Dependent Adult Civil Protection Act defines financial abuse of  elder or dependent adults as follows: (a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following: (1) Takes, secretes, appropriates, obtains, or retains […]

ATTORNEY NEWSLETTER Forged And Altered Checks Alleged Prior Criminal Record $1 Million Missing From Victim’s Trust According to FBI and National Institute of Justice statistics, as many as one in 10 seniors are victims of financial elder abuse, and their financial predators are most often caregivers or other persons in […]

ATTORNEY NEWSLETTER Overpayment Based On Falsified Timesheets Family Detected Time Discrepancies Protecting Seniors From Fraud Whatever the “form” or frequency or size of financial elder abuse, any taking of a senior’s property, or any assistance in that taking is a crime and grounds for civil liability of the person doing […]

ATTORNEY NEWSLETTER Agents May Abuse Broad Authority Under Powers Of Attorney Self-Dealing And Other Agent Fraud Remedies For Injured Seniors And Families Powers of attorney are extremely important estate planning tools for all of us as we age; it is helpful to have such arrangements in place before the need […]

ATTORNEY NEWSLETTER Complicated Insurance Contracts Penalties For Getting Your Money Back Commissions, Fees, Participation Rates And Caps Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Sellers of deferred annuities include insurance agents, and all manner of […]

ATTORNEY NEWSLETTER In-Home Caregiver Obtained POA Allegedly Stole $49,829 In Three Months Online Bank Transfers Financial powers of attorney (POAs) appoint designated persons to transact financial affairs on behalf of the person granting the power with full legal authority to do so.  The person appointed under the POA is called […]

ATTORNEY NEWSLETTER Re-Directed Pension And Social Security Benefits Caregiver Allegedly Accessed Benefit Profiles Online Protecting Older Loved Ones From Financial Elder Abuse Dishonest caregivers with internet access may gain access to a senior’s pension or Social Security benefit profiles with just a few pieces of important information like the senior’s […]