Category: financial elder abuse

ATTORNEY NEWSLETTER Unauthorized Withdrawals From Victim’s Accounts Caregiver Accused Of Abandoning Victim Protections And Remedies For Senior Victims A dishonest stranger posing as a caregiver can rapidly take advantage of an isolated senior once he or she enters a senior’s home and life.  No one should ever let a stranger […]

ATTORNEY NEWSLETTER Never Be Rushed Into A Sale Complicated, Illiquid Insurance Contracts Understand The Disadvantages Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency, and are illiquid (meaning it is costly to get your […]

ATTORNEY NEWSLETTER Investment Advisor Targeted Older Customers Several Lost Life Savings How To Avoid This Kind Of Fraud Dishonest financial advisors, life insurance agents, stock promoters and retirement planners prey on older investors, exploiting their fear of running out of money as they grow older.  False promises of high returns […]

ATTORNEY NEWSLETTER Theft From Seniors By Powers Of Attorney Annuity Benefits Allegedly Taken By POA Remedies For Victim’s Heirs Powers of attorney are incredibly powerful legal instruments. The scope of the appointed attorney-in-fact’s powers is set by law and, unless specifically limited, extends to almost every form of financial transaction. […]

ATTORNEY NEWSLETTER Caregiver Accused Of Fraud And Theft Suspect Has Prior Criminal History Family Detects Fraud After Loved One’s Death 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, […]

ATTORNEY NEWSLETTER Access To Senior’s Bank Card Fraudulent Purchases Occur Quickly Remedies For Injured Seniors Any wrongful taking of a senior’s property, or any assistance in that taking by a friend or spouse of the dishonest caregiver, is a crime and grounds for civil liability of the person doing the […]

ATTORNEY NEWSLETTER Allegedly Forced Elderly Man To Withdraw Cash Unauthorized Use Of Debit Card Alleged How To Protect Older Loved Ones Financial elder abuse of seniors ranges from secretive online money transfers to brazen theft or coercion of senior victims. While seniors can be victims of financial elder abuse from […]

ATTORNEY NEWSLETTER Long-Term Insurance Contracts Costly Surrenders Commissions, Fees, Participation Rates And Caps Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Sellers of deferred annuities include insurance agents, and all manner of financial advisors including advisors […]

ATTORNEY NEWSLETTER Unregistered Offering Promised Returns of 20-24% SEC Alleges Promoter Misappropriated 66% Of Funds Thousands Spent At Casinos And Liquor Stores The U.S. Securities and Exchange Commission (SEC) polices the financial markets to protect investors from fraud.  The SEC’s Retail Strategy Task Force has especially focused on fraud against […]

ATTORNEY NEWSLETTER Powers Of Attorney Can Be Used to Steal From Principals Example Of Theft By POA Remedies For Financial POA Abuse Powers of attorney are incredibly powerful legal instruments. The scope of the appointed attorney-in-fact’s powers is set by law and, unless specifically limited, extends to almost every form […]