Category: financial elder abuse

ATTORNEY NEWSLETTER Watch Out for Stockbroker Fraud If You’re a Victim, We Can Help Unscrupulous stockbrokers prey on seniors in particular. After all, seniors hold 1/3 of the nation’s wealth. And stockbrokers are looking for commissions; they don’t earn much if seniors clip coupons off municipal bonds.  Some brokers will […]

ATTORNEY NEWSLETTER Be Wary of Variable Annuities Don’t Be Blindsided In Your Search For Higher Returns In our current low-interest rate environment, insurance agents and retirement planners push variable annuities as a way to get more bang for your buck when it comes to retirement savings. Be very careful.  These […]

ATTORNEY NEWSLETTER Be Wary of Annuities in IRA Accounts Tax deferral is the key to successful retirement savings. IRAs, 401(k)s, SEPs and the like offer deferral and savers can see their retirement savings grow tax-free until it’s time to withdraw without penalty after age 59 ½. Annuity salesmen often counsel […]

ATTORNEY NEWSLETTER Watch for Signs of Financial Elder Abuse Do you have an elderly loved one living alone? Sadly, he or she may be a prime candidate for financial elder abuse by acquaintances or even strangers.  One in five seniors will experience some form of financial elder abuse in their […]

ATTORNEY NEWSLETTER Elder Abuse in California Our Attorneys Fight for Victims Every year in California, Adult Protective Services (APS) receives more than 196,000 reports of elder abuse. Since only 1 in 24 cases is ever reported according to estimates, elder abuse is a truly staggering problem in our State and […]

According to Consumer Reports, elderly Americans lose around $30 billion each year because of financial abuse. This abuse can take many different forms, whether it is caregivers taking money from seniors improperly, insurance agents and financial advisors who sell inappropriate or unsuitable insurance policies or other investments to seniors, unscrupulous […]

ATTORNEY NEWSLETTER Financial Elder Abuse Over this past weekend the U.S. Department of Justice (DOJ) announced the largest coordinated sweep of elder abuse fraudsters in history. More than 250 defendants around the world were identified as victimizing millions of American seniors. The cases filed against the wrongdoers include criminal, civil […]

ATTORNEY NEWSLETTER Prepare For Your Holiday Visits With Seniors Many of us will visit elderly relatives over the holidays. It may be a once a year trip to see parents or other elderly loved ones who live far away.  This is an important opportunity to check in.  Isolation is a […]

ATTORNEY NEWSLETTER Financial Elder Abuse Often Unreported A Growing Problem Recent studies indicate that 1 in 5 seniors will become victims of financial elder abuse. The numbers are up dramatically from past research results and estimates are that financial elder abuse costs its victims a total of $36 billion in […]

ATTORNEY NEWSLETTER Let Us Review Your AXA Equitable Universal or Whole Life Policy If you or a loved one is over age 60 and a California resident who surrendered an AXA Equitable Life Insurance Company universal or whole life insurance policy you may have paid a surrender penalty. California requires […]