Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Reported Case Example Victims’ Families Noticed Unauthorized Charges Protecting Seniors From Financial Elder Abuse Stealing a senior’s debit or credit cards and making unauthorized charges is a common form of financial elder abuse.  This can happen to seniors living in their own homes or in care facilities. Whenever […]

ATTORNEY NEWSLETTER POAs Grant Vast Authority To Appointed Agents Risk Of POA Abuse  Remedies For POA Abuse Powers of Attorney (POAs) are important estate planning documents that grant the agent appointed under the POA full legal authority to act for the principal who executes the POA.  There are powers of […]

ATTORNEY NEWSLETTER Fraud And Unsuitable Sales To Seniors Reported Case Examples Protecting Older Loved Ones From Fraud And Financial Elder Abuse Unscrupulous life insurance agents sometimes abuse their profession for personal gain by committing fraud on customers, particularly targeting older consumers in some cases. Dishonest life insurance agents may exploit […]

ATTORNEY NEWSLETTER Disadvantages of Deferred Annuities Use The Free Look Period To Reconsider Other Contract Disadvantages Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. The contracts are illiquid because during […]

ATTORNEY NEWSLETTER Avoid The Hype On Deferred Annuities Commissions, Annual Fees, And Withdrawal Penalties Unfavorable Interest Crediting Formulas Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. The contracts are illiquid […]

ATTORNEY NEWSLETTER Restraining Orders To Protect Seniors From Abuse Recent Case Example Process For Obtaining Restraining Orders Restraining orders are a powerful tool in the fight to protect seniors and dependent adults from abuse. Seniors and dependent adults are vulnerable to all forms of elder abuse: financial, physical, sexual, and […]

ATTORNEY NEWSLETTER What are Riders To Annuity Contracts? Costly With Little Benefit Other Contract Disadvantages Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. Even more problematic for older consumers are […]

ATTORNEY NEWSLETTER Theft From Seniors By Misuse of Powers of Attorney Case Example Remedies For Victims Financial powers of attorney (POAs) are important legal instruments that 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 […]

ATTORNEY NEWSLETTER Case Example Thousands Missing From Victim’s Accounts Evicted For Unpaid Rent 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 for years but for […]

ATTORNEY NEWSLETTER Penalized For Getting Your Money Back Contact Fees And Caps On Returns Resist Aggressive Sales Tactics 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 your money before the […]