Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Especially Limitations On Returns And Accumulated Fees Getting Out Of An Annuity Is Expensive Evans Law Firm, Inc. recommends that seniors avoid deferred annuities because over the years we have seen many older consumers lose money on deferred annuities as the result of high […]

ATTORNEY NEWSLETTER Elder Justice Initiative Increased Prosecution Of Elder Abuse At Federal Level Protecting Your Loved Ones From Financial Exploitation Under the Biden Administration, the federal government is taking new steps against the epidemic of elder abuse in this country.  The U.S. Department of Justice (DOJ) has committed to an […]

ATTORNEY NEWSLETTER Advisor Allegedly Withdrew Funds From Client’s Trust Authorities Discover 20 Fraudulent Letters Of Withdrawal Withdrawals Total $1.3 Million Seniors are targeted by caregivers, insurance agents, financial advisors, investment and retirement planners, trustees, contractors and total strangers for all types of financial abuse and exploitation.  The abuse may continue […]

ATTORNEY NEWSLETTER Caregiver Allegedly Stole Rare Coins And Collectibles Family Noticed Missing Items Caregiver Allegedly Taunted Elderly Couple About Missing Items Whenever a paid caregiver or a stranger is in the home of the elderly, there is a risk of theft and financial abuse.  Often the theft is of cash […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities Compare To Other Investments Withdrawal Penalties And Taxation As a significant part of our financial elder abuse litigation, Evans Law Firm, Inc. has represented older consumers lose money on deferred annuities as the result of high sales commissions, annual fees and rider fees; returns […]

ATTORNEY NEWSLETTER Advisors Accused Of Stealing From Older Clients Forgeries And Using Revoked Power Of Attorney  Accessing Client’s Accounts After Being Fired Taking a senior’s property and money is a crime and grounds for civil suit.  See Cal. Penal Code § 368 (crime of elder abuse) and Cal. Welf. & […]

ATTORNEY NEWSLETTER Caregiver Allegedly Altered Bank Account Withdrawal Slips Fraudulent Transfers To Another Account Charity Reported Theft To Police Elderly persons are particularly vulnerable to financial exploitation by caregivers living in the senior’s home.  Sometimes the financial abuse is theft of cash or a credit card but sometimes the theft […]

ATTORNEY NEWSLETTER Understanding The Disadvantages Of Annuities Tax Consequences Withdrawal Penalties And Taxation Evans Law Firm, Inc. recommends against deferred annuities for older consumers.  In the firm’s practice we have seen older consumers lose money as the result of high sales commissions, annual fees and rider fees; returns on premiums […]

ATTORNEY NEWSLETTER SEC Alleges Decades-Long Ponzi Scheme Over 400 Mostly Elderly Investors Were Victims Emergency Action Shuts Down Alleged Scheme Financial elder abuse can be abuse of a particular senior citizen or can be part of a scheme that targets multiple senior citizens for risky or inappropriate investments, or unsuitable […]

ATTORNEY NEWSLETTER Understand The Inherent Risks In Annuities Contracts Are Complicated And Expensive Withdrawals And Surrenders Are Costly Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older consumers based on what we have seen in our litigation experience: sales commissions and annual fees on these […]