Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Unauthorized Use Of Credit Cards Another Caregiver Alerts Police Of Irregularities Caregiver And Husband Charged Cash, checks, and credit cards within reach of a dishonest in-home caregiver is one common method of financial abuse of a dependent adult or senior.  Online access to accounts is another. Financial exploitation […]

ATTORNEY NEWSLETTER Financial POAs Are Dangerous Tools For The Dishonest Case Example of Largescale Abuse of POA Remedies For Injured Principals Financial powers of attorney (POAs) appoint designated persons to transact financial affairs on behalf of a “Principal.” The person appointed under the POA is called the Principal’s Attorney-in-Fact and […]

ATTORNEY NEWSLETTER All Seniors At Risk Of Elder Abuse Warning Signs Of Elder Abuse What To Do When You Suspect Elder Abuse Statistics reveal that as many as 1 in 10 older adults is abused or neglected each year in the United States, and that only 1 in 14 cases […]

ATTORNEY NEWSLETTER Suspect Reportedly Befriended Elderly Couple Obtained And Misused Wife’s Power Of Attorney Allegedly Obtained Fraudulent Loan And Made Unauthorized Purchases Elderly victims of financial elder abuse are often preyed upon in their own homes by dishonest in-home caregivers.  Sometimes the theft is as straightforward as taking cash or […]

ATTORNEY NEWSLETTER SEC Alleges Broker Stole $800,000 Stolen Funds Allegedly Hidden In Personal Accounts Other Complaints Of Misappropriated Funds All seniors are at risk of financial elder abuse. While strangers or new persons entering a senior’s life like a caregiver are often the predators, even those a senior has known […]

ATTORNEY NEWSLETTER Victim Signed Blank Checks Caregivers Allegedly Gave False Reasons For Checks Alleged Fraud Discovered By Family Member Financial elder abuse of a senior is a crime and grounds for civil liability for the person taking the money and anyone assisting them.  Penal Code § 368 and Cal. Welf. […]

ATTORNEY NEWSLETTER Be Wary Of “Retirement Counseling” Sessions Sales Of Nationwide New Heights© Annuities If you are a soon-to-retire federal employees here in California be careful: you may be invited to a “counseling session” or seminar.  Retirement seminars are sometimes held in union halls, hotels or other spaces accommodating large […]

ATTORNEY NEWSLETTER Loss Of Control Of Investment Penalties On Withdrawals  Sales Commissions, Contract Fees And Low Returns Deferred annuities are complex, long-term insurance products which are not generally suitable for older consumers.  Evans Law Firm, Inc. recommends against certain types of deferred annuities, such as fixed indexed annuities, for older […]

ATTORNEY NEWSLETTER More Than $1 Million Stolen Victims Are 96 And 84 Years Old Money Allegedly Withdrawn Over Three-Year Period While any senior can be victims of financial elder abuse, the older a senior gets, the more at risk they are and those who suffer from dementia are particularly vulnerable. […]

ATTORNEY NEWSLETTER Surrender Penalties And Illiquidity Locked In To Investment Strategies Sales Commissions, Annual Fees And Low Returns Fixed indexed annuities (FIAs) and other deferred annuities are long-term, complex insurance policies which require you to lose control over your investment.  Seniors and those close to retirement are often targeted by […]