Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Alleged Caregiver Theft  Of Jewelry, Gold And Valuables Multiple Victims According To Police  Theft Risk From In-Home And Facility Caregivers Many older people maintain their independence right up until the end of life.  But that is not the case for most – most seniors will require some kind […]

ATTORNEY NEWSLETTER Taking A Closer Look At Deferred Annuities Avoid High Pressure Sales Dangers Of Exchanging Or Replacing Policies Evans Law Firm, Inc. recommend against deferred annuities for older consumers because the commissions and fees are high, returns rarely meet expectations, and the contracts tie up your money for years.  […]

ATTORNEY NEWSLETTER 76-Year-Old Customer Alleged Account Mismanagement Charges Of Financial Abuse, Negligence And Breach of Fiduciary Duty  FINRA To Arbitrate Dispute Financial elder abuse strikes seniors from a number of directions – caregivers, insurance agents, strangers, scammers, contractors, and financial advisors and stockbrokers to name but a few.  Some forms […]

ATTORNEY NEWSLETTER Be An Advocate For Older Loved Ones And Neighbors  Act On Any Suspicions Of Abuse How Counsel Can Help The pandemic has greatly increased reported incidents of financial elder or dependent adult abuse here in San Francisco and throughout California.   Forced isolation as a result of the coronavirus […]

ATTORNEY NEWSLETTER Dangers For Seniors Questionable Sales Tactics And Inadequate Disclosures Replacement Transactions Can Be Costly Financial elder abuse includes the sale to seniors of unsuitable insurance products.  These unsuitable insurance products include deferred annuities, complex contracts with high fees and significant penalties, known as surrender charges, if you need […]

ATTORNEY NEWSLETTER Deferred Annuities Not A Prudent Investment For Seniors Dangers In The Details Beware Of High Surrender Charges Deferred annuities come in various forms, but insurance agents target senior consumers with one type of deferred annuity in particular known as the fixed indexed annuity (FIAs) marketed under different trade […]

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.  […]