Category: financial elder abuse

ATTORNEY NEWSLETTER Many Victims Lose Retirement Savings Other Victims Have Homes At Risk Of Foreclosure Advisor’s Abusive Scheme Continued For Years Financial elder abuse takes various forms and in many cases can be financially devastating for seniors; financial elder abuse also takes a toll on a senior’s health with victim’s […]

ATTORNEY NEWSLETTER Home Health Aide For 90-Year-Old Arrested Allegedly Used Debit Cards For $26,000 In Unauthorized Purchases Victim’s Family Alerted Police Of Suspicious Card Activity Dishonest caregivers with access to credit cards and debit cards of their elderly patients may quickly use the cards for unauthorized purchases and withdrawals.  Greedy […]

ATTORNEY NEWSLETTER Elderly Victim Suffers From Lou Gehrig’s Disease Caregiver Accused Of Choking Victim Stolen Cash And Other Abuse Allegations Physical abuse or neglect of an elder is often coupled with financial abuse, as the allegations in one reported case, discussed below, reveal.  Greedy caregivers, intent on stealing a senior […]

ATTORNEY NEWSLETTER Policies Make It Expensive To Get Your Money Back Loss Of Investment Control In Changing Markets Returns Eroded By Commissions, Fees And Administrative Costs Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  […]

ATTORNEY NEWSLETTER Altered Checks And Forgeries Alleged In Complaint Checks Bounced For Insufficient Funds Unauthorized Use Of Debit Card Alleged We cannot emphasize strongly enough how important it is to keep checks, ATM/Debit cards, and cash away from caregivers or other strangers who enter a senior’s home.  Nor can we […]

ATTORNEY NEWSLETTER Direct Deposits Allegedly Redirected To Caregiver’s Account Changes Made By Online Access How To Prevent Financial Elder Abuse Whenever a dishonest caregiver gains access to confidential financial information of an elderly person, there is a risk that they will use that information to take as much money from […]

ATTORNEY NEWSLETTER Civil Penalties And Criminal Charges For Misuse Examples Of Power Of Attorney Misuse Enhanced Remedies For 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 […]

ATTORNEY NEWSLETTER $6 Million Stolen From Elderly Clients Money Spent By Financial Advisor For Personal Expenses Long Prison Sentence And Restitution Ordered Seniors are potentially financial elder abuse victims from many different directions: by in-home caregivers; insurance agents, trustees, conservators, second spouses, boyfriends or girlfriends, or financial advisors.  Predators may […]

ATTORNEY NEWSLETTER Costly Withdrawal Charges And Contract Fees Interest Crediting Rules Favor Carrier Risk of Loss Of Principal Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange from an income stream in years to come.  The principle sounds simple enough but in fact deferred […]

ATTORNEY NEWSLETTER 81-Year-Old Victim Victim Entrusted Caregiver To Pay His Bills Authorities Allege Caregiver Stole Thousands The consequences of financial elder abuse on senior victims can be devastating.  Some elderly victims are driven to the brink of homelessness due to lack of funds to pay their rent.  There are instances […]