Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Various Forms Of Elder Abuse Spotting Elder Neglect And Abuse Protections And Remedies For Victims The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims of financial elder abuse is estimated to be at least $36.5 billion. (That number […]

ATTORNEY NEWSLETTER Unauthorized Bank Card Use 130 Fraudulent Purchases Alleged  $25,000 In Charges In Four Months Unauthorized card purchases and ATM withdrawals are prevalent forms of such abuse. Dishonest caregivers and others who access a senior’s cards and PIN (or create a PIN through phone or online account access) can […]

ATTORNEY NEWSLETTER $1 Million Missing From Victim’s Trust  Multiple Check Forgeries Alleged Unlicensed Caregiver Reportedly Had Prior Criminal Record As many as one in 10 seniors are victims of financial elder abuse, according to the FBI and National Institute of Justice, and their financial predators are most often caregivers or […]

ATTORNEY NEWSLETTER How Agents Steal From Seniors By POA Case Example Of Large Theft By POA Legal Consequences For Agent Financial powers of attorney (POAs) grant full legal authority over a person’s financial affairs, unless the POA expressly limits the appointed agent’s power in some way.  The scope of the […]

ATTORNEY NEWSLETTER Financial Elder Abuse Is Rising Dramatically How To Protect Senior Loved Ones Remedies For Financial Elder Abuse Seniors at every economic level, rich or poor, married or single, male or female, straight or LGBTQIA+ are potential victims of financial elder abuse.  Financial abuse of older Americans has grown […]

ATTORNEY NEWSLETTER Elderly Victim Suffers Financial And Physical Abuse Caregiver Accused Of Assaulting Elderly Patient Protecting Older Loved Ones Physical abuse or neglect of an elder is often coupled with financial abuse, as the allegations in one reported case, discussed below, reveal.  Greedy caregivers, intent on stealing a senior or […]

ATTORNEY NEWSLETTER Many Forms Of Elder Abuse What To Look For Keeping Older Loved Ones Safe The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims of financial elder abuse is estimated to be at least $36.5 billion. Elder abuse can […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities For Seniors Expensive To Get Out Of Contract Administration Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, like most […]

ATTORNEY NEWSLETTER Allegations Of Stolen And Forged Checks Bank Contacted Victim’s Family With Suspicions How To Help Protect Older Loved Ones While all seniors are potential victims of financial elder abuse, those who are alone and under the care of an in-home caregiver are particularly at risk if the caregiver […]

ATTORNEY NEWSLETTER Complicated And Expensive Contracts Costly to Exit  Investments Are Not Insured Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant penalties if you need your […]