Category: Elder Financial Abuse

ATTORNEY NEWSLETTER SEC Alert: Stories From The Front Line Major Red Flag: Spectacular Returns and “Guarantees” Seek Help If You Have Been Defrauded One significant forms of financial elder abuse is the sale to seniors of unsuitable insurance products.  These products, such as deferred annuities and some unsuitable life insurance […]

ATTORNEY NEWSLETTER Elders Encouraged To Liquidate Retirement Savings  $2.7 Million Scheme Targeted Older Investors Scheme Continued For Six Years In a Ponzi scheme, fraudsters use money they collect from new investors to pay existing investors. What appears to be a return on your investment is actually money from another investor […]

ATTORNEY NEWSLETTER Caregiver Allegedly Made Withdrawals With Senior’s ATM Card Stolen Money Sent Out Of United States Another Caregiver Alerts Police Forced isolation of seniors here in Alameda County as a result of the coronavirus has increased senior and dependent vulnerability to abuse from all directions and separated seniors from […]

ATTORNEY NEWSLETTER Buffer Annuities Are A Type of Variable Annuity Similarities To Indexed Annuities Caps And Participation Rates Limit Returns All deferred annuities are complex insurance products, and we recommend against them for senior consumers particularly.  Deferred annuities are sold by agents in three general categories: fixed, indexed, and variable.  […]

ATTORNEY NEWSLETTER More Than 6300 Reports Of Elder Abuse In 2020 Financial Elder Abuse Cases Up Dramatically  FBI Reports Record Numbers of Elder Abuse Cases Too Incidents of elder and dependent adult abuse have been climbing in Santa Clara County since 2013, but the biggest spike occurred last year while […]

ATTORNEY NEWSLETTER Allegations Of Forgery And Access To Accounts Nursing Home Administrator Allegedly Wrote Resident Checks To Herself Warning Signs Of Financial Exploitation Families of nursing home residents are generally aware of the dangers of neglect, abandonment or physical abuse that institutionalized elders face. Families of older persons are also […]

ATTORNEY NEWSLETTER Allegations Of Unlawful Use Of Debit Card  Another Caregiver Reports Suspicions To Police Unauthorized Purchases On Dependent Adult’s Card The pandemic has greatly increased reported incidents of financial elder or dependent adult abuse here in Contra Costa County and throughout California.   Forced isolation as a result of the […]

ATTORNEY NEWSLETTER Seniors And Fixed Indexed Annuities High Commissions, Fees, And Surrender Penalties Policy Exchanges As Taxable Events Deferred annuities are complex insurance products.  Carriers that issue the products pay handsome sales commissions to the agents who sell the products to consumers.  With old consumers especially, an agent may propose […]

ATTORNEY NEWSLETTER Court-Appointed Fiduciaries Wield Great Power What Can Go Wrong And Potential For Abuse Of Power  Court-appointed conservators and other fiduciaries (such as guardians or trustees) wield enormous power over the dependent individuals and properties they are appointed to manage and protect.  Court appointments supersede earlier Powers of Attorney, […]

ATTORNEY NEWSLETTER Ingrid M. Evans On Financial Elder Abuse And Fraud Financial Exploitation of Seniors By Caretakers, Insurance Agents And Others The founder of Evans Law Firm, Inc., Ingrid M. Evans, was recently interviewed on The Attorney Post on the subject of financial elder abuse.  From the very beginning of […]