Category: Evans Law Firm

ATTORNEY NEWSLETTER Senior Living Facility Operator Settles Allegations Illegal Kickback Receipts Alleged Former Strategic Growth Director Will Receive $765,000 Reward Civil lawsuits may be brought by private citizens on behalf of the government for redress against fraud against government agencies.  The cases are brought under the False Claims Act, (“FCA”), […]

ATTORNEY NEWSLETTER Victims Lost Retirement Savings Homes At Risk Of Foreclosure Ponzi Scheme Decades Old Financial elder abuse can be limited to isolated transactions exploiting the elderly or can be a largescale fraud striking numerous elderly victims.  Seniors are often targets of Ponzi schemes, where money collected from new investors […]

ATTORNEY NEWSLETTER $900,000 Transferred Out Of Senior’s Bank Account 87-Year-Old With Dementia Left Alone For Hours Found Wandering In Road If you are an older person living alone, never let a stranger enter your home.  If you need in-home help, run a background check on any proposed hire and thoroughly […]

ATTORNEY NEWSLETTER Potential Problems For Seniors Costly Exits From Policies Pay Attention To Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, like most deferred annuities, […]

ATTORNEY NEWSLETTER Forged Checks And Other Crimes Alleged Bank Reported Unusual Activity To Victim’s Family Protecting Older Loved Ones All seniors are potential victims of financial elder abuse.  Those seniors who are alone and under the care of an in-home caregiver are particularly at risk if the caregiver is a […]

ATTORNEY NEWSLETTER Agents May Abuse Broad Authority Under Powers Of Attorney Self-Dealing And Other Agent Fraud Remedies For Injured Seniors And Families Powers of attorney are extremely important estate planning tools for all of us as we age; it is helpful to have such arrangements in place before the need […]

ATTORNEY NEWSLETTER Access To Financial Accounts Unauthorized Withdrawals Protecting Seniors From Fraud Whenever a dishonest caregiver gains access to debit or credit cards and confidential financial information of an elderly person like PINs and Social Security numbers, there is a risk that they will use that information to take as […]

ATTORNEY NEWSLETTER Avoid The Sales Hype Around Annuities Long-Term Contracts Are Costly To Exit Commissions And Fees Diminish Returns Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come.  The concept sounds simple enough but in fact […]

ATTORNEY NEWSLETTER 94-Year-Old Victim Fraudulent Checks And Unauthorized Purchases Remedies For Seniors And Their Families Older persons lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. The true figure is likely much, much higher as most financial […]

ATTORNEY NEWSLETTER Power Of Attorney Abuse Is Always A Risk Warning Signs of POA Abuse Remedies For POA Abuse A power of attorney authorizes one or more persons (“agent(s)” or “attorney(s)-in-fact”)) to act on behalf of another (the “principal”) in financial or medical matters. Financial powers of attorney (POAs) grant full […]