Category: financial elder abuse

ATTORNEY NEWSLETTER Two Case Examples Financial Exploitation Of Older Parishioners Protecting Older Loved Ones While all seniors are potential victims of financial elder abuse, those who are alone are particularly at risk. Sometimes, the financial abuser is a stranger; like a new caregiver working in the senior’s home or a […]

ATTORNEY NEWSLETTER Broad Authority Given to POAs/Agents How That Authority Is Abused Remedies For Injured Seniors Financial powers of attorney (POAs) grant full authority over a person’s financial affairs, and medical powers of attorney, known in California as an Advance Health Care Directives (AHCDs), grant authority over medical decisions and […]

ATTORNEY NEWSLETTER Complex Insurance Policies Penalties On Withdrawals Commissions, Annual Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Whenever a life insurance agent or […]

ATTORNEY NEWSLETTER Online Access To Deposit Instructions Redirected Automatic Deposits Protecting Older Loved Ones  Anonymous online access to pension or Social Security benefit profiles or phone impersonations of seniors are frequent ploys by caregivers intent on stealing from unsuspecting older persons. Whenever a dishonest caregiver gains access to confidential financial […]

ATTORNEY NEWSLETTER Over $1 Million Allegedly Taken Fraudulent Checks And Phony “Gifts” To Caregiver Alleged Remedies For Seniors 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 […]

ATTORNEY NEWSLETTER Complex, Expensive Insurance Contracts Surrender Penalties On Withdrawals Sales Commissions, Contract Fees And Caps On Returns Life insurance agents often approach older consumers with proposals for deferred annuities as vehicles for retirement income. Deferred annuities are complex insurance products and are not like direct investments in mutual funds, […]

ATTORNEY NEWSLETTER Case Example  Falsifying Checks And Timesheets Protecting Seniors From Fraud California broadly defines what constitutes financial elder or dependent adult abuse: (a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following: (1) Takes, secretes, appropriates, obtains, or retains […]

ATTORNEY NEWSLETTER Case Example Financial Abuse Through Opening Joint Accounts Protecting Your Older Loved Ones Fraud by dishonest caregivers ranges from theft of cash, credit cards and checks to elaborate schemes aimed at taking an elderly victim’s entire estate. Online access to an elderly person’s financial accounts is a frequent […]

ATTORNEY NEWSLETTER Theft Of Victim’s Retirement Benefits Alleged Online Access to Benefit Profiles Steps To Prevent Financial Elder Abuse Dishonest caregivers with internet access may gain access to a senior’s pension or Social Security benefit profiles with just a few pieces of important information like the senior’s date of birth […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complex Long-Term Insurance Contracts Penalties On Withdrawals Commissions, Contract Fees, Participation Rates And Caps On Returns Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Evans Law Firm, Inc. generally recommends against […]