Category: financial elder abuse

ATTORNEY NEWSLETTER Complete Authority Over Principal’s Finances And Property Potential For Abuse Remedies For Injured Principals The most dangerous estate planning document which an individual may have is a financial Power of Attorney (POA). See Cal. Prob. Code §§ 4401 (statutory form for financial POA). The POA allows another person – […]

ATTORNEY NEWSLETTER Allegedly Transferred $950,000 Of Client Money To Himself Forged Compliance Officer’s Signature Transfers Occurred Over Four-Year Period Senior investors are at risk of being sold unsuitable annuities or investments or churning or unauthorized trades in their brokerage accounts because dishonest advisors may prey on their lack of financial […]

ATTORNEY NEWSLETTER Two Sisters Sentenced For Theft Elderly Victim In Care Facility $272,000 Stolen According To California Attorney General Just like older persons under the care of in-home caregivers, elderly residents of care facilities are also at risk of financial elder abuse.  Such financial abuse may occur at the hands […]

ATTORNEY NEWSLETTER Wills And Competence Issues Undue Influence Over Elderly Will Contests Financial exploitation of older persons stretches from theft of cash, jewelry and checks froma senior’s home all the way to elaborate estate planning schemes arranged near the end of a senior’s life meant to enrich one or two […]

ATTORNEY NEWSLETTER Man And Estranged Wife Allegedly Stole From Wife’s Great Aunt $117,000 In Suspicious Transactions Cash Withdrawals And Unauthorized Purchases Financial powers of attorney (POAs) grant full authority over a person’s financial affairs. Medical powers of attorney, known in California as an Advance Health Care Directives (AHCDs), grant authority […]

ATTORNEY NEWSLETTER Don’t Be Rushed By Aggressive Sales Tactics Ask Important Questions And Review With Family First Free-Look Period Evans Law Firm, Inc. generally recommends against annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred annuities impose […]

ATTORNEY NEWSLETTER Message Comes On Elder Abuse Awareness Day Common Warning Signs Of Elder Abuse Act On Any Suspicion Of Abuse On Elder Abuse Awareness Day (June 15 every year), California Attorney General Rob Bonta provided Californians with tips to identify and report elder abuse.  Elder Abuse is a national […]

ATTORNEY NEWSLETTER Allegedly Embezzled $2 Million Promises Of High Returns On Invested Money Offered “Investment Advisory Services”  Often it takes years for some complicated elder financial abuse schemes to unwind and be detected.  In many cases, the scheme is not discovered until the victim as died, particularly in the abuse […]

ATTORNEY NEWSLETTER High-Yield Investment Fraud Targeted Elderly Multi-Million Dollar Scheme Allegedly Ran or Six Years Individuals Plead Guilty To Multiple Charges Financial elder abuse may be limited to isolated transactions exploiting specific older individuals, but larger fraudulent and abusive schemes may be perpetrated on numerous elderly victims.  Seniors are often […]

ATTORNEY NEWSLETTER Insurance Agent Charged With Raiding Elderly Client’s Annuities Admits To Stealing $1.3 Million From 79-Year-Old Convinced Victim To Transfer Life Insurance And Retirement Accounts Financial elder abuse causes billions of dollars of losses to older Americans and their families every year.  Much financial elder abuse, like other forms […]