Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Financial Advisors And Customer Cognitive Decline On The Front Lines Of Protecting Older Customers From Financial Abuse Consequences Of Impaired Mental Capacity Cognitive decline is a fact of life among America’s aging population and financial advisors often find themselves on the front lines of an effort to protect […]

ATTORNEY NEWSLETTER How Life Insurance Agents Can Defraud Seniors Case Examples Of Financial Elder Abuse And Fraud Protecting Older Loved Ones We have written often about how seniors may be victims of financial elder abuse from different directions – by caregivers, trustees, financial advisers, and life insurance agents, among others.  […]

ATTORNEY NEWSLETTER When Seniors Victimized By Physical And Financial Abuse Case Example Of Multiple Charges Against Caregiver Pursuing Parties Responsible For Abuse Incidents of caregiver abuse of their elderly patients often involve both physical abuse or neglect and financial elder abuse.  A dishonest caregiver’s physical abuse or neglect of an […]

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 Forged And Altered Checks Alleged Unlicensed Caregiver Reportedly Had Prior Criminal Record Allegedly Took $1 Million From 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 […]

ATTORNEY NEWSLETTER Getting Your Money Back Is Costly Withdrawal Penalties Lock Policyholders In To Investment Strategies Rate Of Return Can Be Very Low Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  As an industry […]

ATTORNEY NEWSLETTER 81-Year-Old Victim Caregiver Granted Bill-Paying Authority Thousands Allegedly Missing From Victim’s Bank Accounts Most financial elder abuse of older persons at the hands of dishonest caregivers or others starts out relatively small.  The amounts stolen grow over time as the predator gets away with his or her theft.  […]

ATTORNEY NEWSLETTER Allegations Of Physical And Financial Abuse Victim Suffered from ALS Physical Abuse And $4000 Allegedly Stolen Physical and financial elder abuse and certain forms of neglect are all crimes and grounds for civil liability of the abuser. California Penal Code § 368 and Cal. Welf. & Inst. Code […]

ATTORNEY NEWSLETTER Two Dementia Patients Missing Over $300,000 Both Victims Residents Of Same Assisted Care Facility  Unpaid Bills And Threats Of Eviction Sometimes, Powers of Attorney (POAs) are absolutely essential when the principal needs an appointed agent to take over the principal’s financial affairs when they are unable to manage […]

ATTORNEY NEWSLETTER Complaint alleges Numerous Check Forgeries Victim’s Checking Account Overdrawn Investigation Reveals Unauthorized Card Charges Never hand an ATM/debit card or credit card to a caregiver and ask them to go get cash or make purchases.  Never give out any PIN numbers. Never give a caregiver or other person […]