Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Unregistered Offering Promised Returns of 20-24% SEC Alleges Promoter Misappropriated 66% Of Funds Thousands Spent At Casinos And Liquor Stores The U.S. Securities and Exchange Commission (SEC) polices the financial markets to protect investors from fraud.  The SEC’s Retail Strategy Task Force has especially focused on fraud against […]

ATTORNEY NEWSLETTER Older Consumers Should Be Wary Of Deferred Annuities Loss Of Investment Control Surrender Penalties, Fees, Participation Rates, And Caps Evans Law Firm, Inc. generally recommends older consumers avoid deferred annuities because they are expensive and complicated and because these contracts tie up a senior’s money for years.  Whenever […]

ATTORNEY NEWSLETTER Surrender Charges If You Need Your Money Back Contract Fees And Caps On Returns Never Be Rushed Into A Sale Indexed annuities, like most deferred annuities, are long-term insurance contracts that promise to pay income in the future but impose penalties, known as surrender charges, if you need […]

ATTORNEY NEWSLETTER Physical And Financial Abuse May Go Hand-in-Hand Horrific Case Example Remedies For Elder Abuse Elderly patients may be victims of both physical abuse or neglect and financial elder abuse at the hands of the very caregivers they pay to protect them.  While there are many caregivers who work […]

ATTORNEY NEWSLETTER Powers Of Attorney Can Be Used to Steal From Principals Example Of Theft By POA Remedies For Financial POA Abuse Powers of attorney are incredibly powerful legal instruments. The scope of the appointed attorney-in-fact’s powers is set by law and, unless specifically limited, extends to almost every form […]

ATTORNEY NEWSLETTER Cash Withdrawals From Senior’s Account Over $100,000 Withdrawn In A Year Protecting Older Loved Ones Some dishonest caregivers are very bold in the tactics they use to financially exploit older people, as the below case illustrates.  Other caregivers are more subtle in their financial abuse and the abuse […]

ATTORNEY NEWSLETTER $35,000 Missing From Senior’s Account Caregiver Allegedly Defrauded Senior For Seven Months Falsified Time Records And Checks Alleged Most financial elder abuse by a dishonest caregiver or other person with access to a senior’s finances starts out relatively small, the amounts stolen grow over time as the predator […]

ATTORNEY NEWSLETTER Heightened Risk For Isolated Seniors Spotting Signs Of Financial Elder Abuse Remedies For Injured Seniors Financial elder abuse is an especially disastrous form of abuse of seniors, and millions of seniors are victims of financial elder abuse every year in this country.  Senior victims of financial elder abuse […]

ATTORNEY NEWSLETTER Avoid The Hype About Annuities Exiting Annuity Contracts Is Costly Policy Fees And Low Rates Of Return Life insurance agents often use market volatility as a selling point for deferred annuities for retirement income planning.  Be careful when you hear that pitch. Deferred annuities are long-term insurance contracts […]

ATTORNEY NEWSLETTER $2 Million Missing From Seniors’ Accounts Promises Of High Returns Enticed Older Investors Money Transferred To Advisor’s Personal Accounts Evans Law Firm, Inc. represents seniors themselves who are victims of financial elder abuse and the children or other family of deceased seniors who have been financially exploited.  Often […]