Category: Elder Financial Abuse

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ATTORNEY NEWSLETTER Transfers Out Of 73-Year-Old Client’s Account Money Withdrawn For Personal Use Advisor Faces Up To 20 Years In Prison Access to a senior’s bank or investment account is an irresistible temptation for unscrupulous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

ATTORNEY NEWSLETTER Caregiver Allegedly Targeted Several Elder Victims String of Abuse And Theft Allegedly Totals Over $600,000 Forged Checks, Identity Theft And Money Transfers Caregiver theft in the home sadly is becoming more and common. The rapidly growing elderly population are staying in their homes, allowing essentially strangers into their […]

ATTORNEY NEWSLETTER Civil Complaint Alleges Older Victims Lost Life Savings Agent Allegedly Sold Unregistered Promissory Notes FINRA Bars Defendant As Registered Financial Advisor Financial elder abuse by financial advisors, brokers, and insurance agents may be a one-time sale or unauthorized trade or it can be a sustained scheme taking more […]

ATTORNEY NEWSLETTER Changing Estate Plans When Senior Lacks Capacity Holding Attorneys Accountable Individuals create trusts to hold their assets to avoid a lengthy probate process following death and make sure their estate passes to their spouse or children or grandchildren or other beneficiaries of their own choosing.  Typically, these trust […]