Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Insurance Agent Accused Of Stealing $200,000 In Premium Payments 32 Victims Including Many Seniors Allegations Of Forgery And Falsified Documents Seniors are vulnerable to financial elder abuse from all kinds of individuals and businesses, including insurance agents who can swindle seniors out of money.  An insurance agent’s financial […]

ATTORNEY NEWSLETTER Important Elder Protections Under The Law Provisional Remedies To Protect Seniors Attorneys’ Fees Awards Financial elder abuse is a crime and grounds for a civil lawsuit for damages under California law.  See Cal. Penal Code § 368 (crime of elder abuse) and Cal. Welf. & Inst. Code § […]

ATTORNEY NEWSLETTER 72-Year-Old Victim Stolen Money Used To Buy BMW, Rolexes And Bahamas Cruise 20 Fund Transfers From Client’s Account Older persons may not be able to monitor their own financial accounts and if they do not have someone they trust looking things over, they can become victims of undetected financial […]

ATTORNEY NEWSLETTER Make Up For Lost Visits This Labor Day Enjoying Safe Reunions Checking In With Seniors Every Holiday Happy Labor Day!  Be sure to include senior loved ones in your holiday plans – it’s finally a possibility once again.  Lockdown left seniors more isolated than ever and now is […]

ATTORNEY NEWSLETTER Allegations Of Unauthorized Credit Card Use And Forgery Family Discovers Financial Irregularities Caregiver Allegedly Increased Reverse Mortgage Balance As we have written before, every time a stranger or caregiver enters the home of an elderly person there is a risk of financial elder abuse.  We have seen cases […]

ATTORNEY NEWSLETTER Rising Premiums And Low Returns Of Universal Life Insurance Potentially Misleading Policy Illustrations Limitations On Growth Insurance agents often sell Indexed Universal Life Insurance as a tax-deferred estate planning investment, using the same sales pitch agents often use for deferred annuities. We recommend against indexed universal life insurance […]

ATTORNEY NEWSLETTER Stopping Trustee Theft  Removal And Surcharge Remedies Appointing Successors Many Californians, especially seniors, create trusts to hold their assets, and there is a whole division of the California Probate Code that governs trusts.  See Cal. Probate Code §§ 15000-19530.  The individual creating the trust, referred to as the […]

ATTORNEY NEWSLETTER Jail Sentence For Defrauding Seven Seniors Caregiver’s Third Conviction For Financial Elder Abuse Investigation Lasted Twenty Months Financial elder abuse is sometimes a single event or transaction but more commonly it is a sustained scheme playing out over time. Either way, each and every act of financial elder […]

ATTORNEY NEWSLETTER Transfers Out Of 73-Year-Old Client’s Account Money Withdrawn For Personal Use Advisor Faces Up To 20 Years In Prison Access to a senior’s bank or investment account is an irresistible temptation for unscrupulous advisors and brokers.  Sometimes the advisor is a new acquaintance of the senior but sometimes […]

ATTORNEY NEWSLETTER Charges Of Theft Of Over $400,000 Victim’s Daughter Blew Whistle Leading To Audit Holding Fiduciaries Accountable Conservators and other Court-appointed protectors for elder and dependent adults are chosen and appointed to protect persons who are unable to provide for their own needs.  Court appointments supersede earlier Powers of […]