Category: financial elder abuse

ATTORNEY NEWSLETTER How Agents Abuse Powers Of Attorney Examples Of Power Of Attorney Abuse Laws On Power Of Attorney Misuse Powers of Attorney are extremely important – and, in the wrong hands, potentially dangerous – legal instruments. Financial powers of attorney (POAs) grant full authority over a person’s financial affairs, […]

ATTORNEY NEWSLETTER Surrender Penalties And Illiquidity Locked In To Investment Strategies Sales Commissions, Annual Fees And Low Returns Fixed indexed annuities (FIAs) and other deferred annuities are long-term, complex insurance policies which require you to lose control over your investment.  Seniors and those close to retirement are often targeted by […]

ATTORNEY NEWSLETTER One Victim’s Son First Alerts Police Over 100 Fraudulent Card Charges Alleged Resident Unable To Pay Rent Due To Depleted Account Balance Elderly victims of financial elder abuse are often preyed upon in their own homes by dishonest in-home caregivers.  But elderly persons residing in nursing homes or […]

ATTORNEY NEWSLETTER Police Bring Felony Charges Accused Of Forgery And Financial Exploitation Of Elderly Person 87-Year-Old Reported Victim Forgery of stolen checks, forger credit card applications, and unauthorized debit and credit card charges are common forms of financial elder abuse.  Dishonest caregivers with access to checks and credit cards are […]

ATTORNEY NEWSLETTER Redirecting Direct Deposits Online And Phone Access Trace Where Loved One’s Pensions Are Deposited 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 the elder as they […]

ATTORNEY NEWSLETTER Family Member Of Victim Reports Suspicions Suspect Allegedly Opened Credit Cards In Victim’s Name Numerous Purchases And Cash Advances Unauthorized debit and credit card charges are a common form of financial elder abuse. Another common form of financial elder abuse is opening credit cards or taking out loans […]

ATTORNEY NEWSLETTER 89-Year-Old Victim At Home Stranger Steals Credit Cards And Cash Defendant Allegedly Has Prior Violent Felony Conviction No one should ever let a stranger in their home.  Particularly if you are an older person living alone.  A dishonest stranger can rapidly take advantage of an isolated senior, as […]

ATTORNEY NEWSLETTER Victims In Same Assisted Care Facility Daughter Of One Resident Noticed Door Dash Charges Caregiver Claims Elders Offered Help Unauthorized debit and credit card charges are a common form of financial elder abuse.  Dishonest caregivers can strike quickly when they get their hands on a card and run […]

ATTORNEY NEWSLETTER Caregiver Allegedly Accessed Bank Accounts Leased Car In Senior’s Name Took Out A Loan In Couple’s Name While financial elder abuse may consist of theft of cash or unauthorized use of credit cards, some financial elder abuse consists of that plus elaborate schemes of loans, estate planning changes, […]

ATTORNEY NEWSLETTER Strangers And Familiar Persons Are Both Possible Predators All Seniors At Risk Tips For Protecting Older Loved Ones Seniors and persons of all ranks of life may be victims of financial elder abuse.  Abuse strikes across all genders and socioeconomic groups.  Any wrongful taking of a senior or […]