Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Deferred Annuities Are Complex Long-Term Insurance Contracts Penalties On Withdrawals Commissions, Contract Fees, Participation Rates And Caps On Returns Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Evans Law Firm, Inc. generally recommends against […]

ATTORNEY NEWSLETTER Caregiver Accused Of Forging And Altering Checks Prior Criminal Record $1 Million Missing From 94-Year-Old Victim’s Trust Older victims lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. The same sources report that as many […]

ATTORNEY NEWSLETTER Use Of Powers Of Attorney To Steal From Seniors Case Example  Remedies For Victims 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 appointed attorney-in-fact’s powers is […]

ATTORNEY NEWSLETTER Caregiver Entrusted To Pay Victim’s Bills Unpaid Rent Leads To Eviction Caregiver Allegedly Stole Thousands While most financial elder abuse starts out relatively small, the amounts stolen grow over time as the predator gets away with his or her theft. Left undetected, financial elder abuse can go on […]

ATTORNEY NEWSLETTER Case Example Victim Suffered From Dementia Protecting Older Loved Ones According to FBI and National Institute of Justice statistics, as many as one in 10 seniors are victims of financial elder abuse. Their financial predators are most often caregivers or other persons in close proximity to their victims. […]

ATTORNEY NEWSLETTER Pension And Social Security Benefits Redirected Victim’s Profiles Changed Online Protecting Older Loved Ones  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 date of birth and Social Security […]

ATTORNEY NEWSLETTER Caregiver Fraud On Elderly Thousands In Unauthorized Purchases Protecting Older Loved Ones Unauthorized use of an elderly or dependent person’s debit and credit cards is a frequently recurring form of financial elder and dependent adult abuse. Sometimes the cases involve actual use of a credit card at stores […]

ATTORNEY NEWSLETTER Broad Authority Under Powers Of Appointment Conflicts Of Interest Remedies For Power Of Attorney Abuse 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 for them arises and we […]

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Costly, Complex Contracts Withdrawals Penalties, Commissions And Fees 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 […]

ATTORNEY NEWSLETTER Case Example 85-Year-Old Victim Protecting Seniors From Caregiver Fraud Online account access and unauthorized use of debit and credit cards are two of the most widely seen kinds of theft from older persons.  The perpetrator of such theft is often a dishonest caregiver with in-home access to an […]