Category: Elder Financial Abuse

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 […]

ATTORNEY NEWSLETTER Complicated Long-Term Insurance Policies Getting Your Money Back Is Costly Commissions, Annual Fees And Low Returns Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come.  The concept sounds simple enough but in fact deferred […]

ATTORNEY NEWSLETTER Caregiver Arrested For Stealing Over $1 Million From Senior Fraudulent Checks And Large “Gifts” 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 […]

ATTORNEY NEWSLETTER Theft And Unauthorized Card Charges Alleged Suspects Are Elderly Woman’s Caregivers Property And Drugs Also Missing From Victim’s Home Anytime a stranger enters a senior’s home there is a risk of financial abuse or theft if cash, credit cards, checks or valuables are within reach.  Never, ever let […]