Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Defendant Acted As Accountant, Tax Preparer And Investment Advisor Accused Of False Promises Of Investment Opportunities One Elderly Couple Loses Entire Life Savings While often the financial predators of seniors are newcomers in their lives or even total strangers, seniors may also be victims of financial elder abuse […]

ATTORNEY NEWSLETTER Allegedly Stole Money Over Six-Year Period Over $860,000 Gone Falsified Documents And Beneficiary Designations Older persons often execute powers of attorney (POAs) to appoint designated persons to transact financial affairs on their behalf with full legal authority to do so.  The person appointed under the POA is called […]

ATTORNEY NEWSLETTER Understanding How Deferred Annuities Work Surrender Penalties A Big Downside For Seniors Commissions, Fees, Participation Rates And Caps 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 deferred […]

ATTORNEY NEWSLETTER Alleged Misuse Of Power Of Attorney Of Elderly And Disabled Persons Authorities Believe $3.5 Million Stolen 96-Year-Old Victim Nearly Evicted From Nursing Home For Non-Payment Financial powers of attorney (POAs) grant full authority over a person’s financial affairs, and medical powers of attorney, known in California as an […]

ATTORNEY NEWSLETTER Family Believes Over $2.5 Million Stolen  Owner’s Social Security Benefits Allegedly Taken Bookkeeper Worked For Family For 25 Years So many times we read that financial elder abuse is perpetrated on a senior by someone, like a caregiver, who is new to the life of the elderly person.  […]

ATTORNEY NEWSLETTER 90 Criminal Counts In Arresting Warrant Accused Of Stealing From Victim And His Foundation Allegedly Started With Small Checks Access to any older person’s financial accounts seems to be an almost irresistible temptation for dishonest caregivers, particularly if the older person is suffering from dementia or so elderly […]

ATTORNEY NEWSLETTER Downsides For Seniors Surrender/Withdrawal Penalties Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Whenever an insurance agent or financial advisor of any […]

ATTORNEY NEWSLETTER Allegedly Defrauded 97-Year-Old With Dementia Accused Of Using Victim’s Funds For Personal Expenses Eight Years Of Fraud Alleged Seniors are often victims of financial elder abuse from strangers or newcomers into their lives acting as caregivers, insurance salesmen, contractors, or new boyfriends or girlfriends sometimes met online.  But […]

ATTORNEY NEWSLETTER Disabled Man Lost $52,000 Attempted To Take His Own Life After Loss Victim Gave Caregiver Debit Card And PIN Dishonest caregivers may prey upon a senior or dependent adult’s sympathies in order to take financial advantage of them.  In a recently reported case, discussed below, a caregiver allegedly […]

ATTORNEY NEWSLETTER Caregiver Caught After Evading Arrest Charges Range From Forgery To Unauthorized Credit Card Use Allegedly Stole $22,000 From One Wheelchair Bound Patient We cannot emphasize enough that a thorough background check and getting and checking references are two of most important steps an elderly person’s family can take […]