Category: financial elder abuse

ATTORNEY NEWSLETTER Pension And Social Security Benefits Allegedly Stolen Benefit Profiles Changed Online Protecting Older Loved Ones Dishonest caregivers with internet access may gain access to a senior’s pension or Social Security benefit profiles with just a few pieces of important information like the senior’s date of birth and Social […]

ATTORNEY NEWSLETTER Older Customers Targeted in Ponzi Scheme</h1> Severe Losses For Older Investors Warning Signs Of Investor Fraud Seniors are often targets of Ponzi schemes, where money collected from new investors is used to pay existing investors, and there really is no actual investment of funds. Like the infamous Bernie […]

ATTORNEY NEWSLETTER Case Example Of Caregiver Fraud <h1> 86-Year-Old Victim Protecting Older Loved Ones From Caregiver Fraud Never hand an ATM/debit card or credit card to a caregiver and ask them to go get cash or make purchases. Never give out any PIN numbers. Never give a caregiver or other […]

ATTORNEY NEWSLETTER Case Example Financial Elder Abuse By Opening Joint Accounts Protecting Seniors According to FBI and National Institute of Justice statistics, as many as one in 10 seniors are victims of financial elder abuse. Their financial predators are most often caregivers or other persons in close proximity to their […]

ATTORNEY NEWSLETTER Two Case Examples Financial Exploitation Of Older Parishioners Protecting Older Loved Ones While all seniors are potential victims of financial elder abuse, those who are alone are particularly at risk. Sometimes, the financial abuser is a stranger; like a new caregiver working in the senior’s home or a […]

ATTORNEY NEWSLETTER Broad Authority Given to POAs/Agents How That Authority Is Abused Remedies For Injured 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 medical decisions and […]

ATTORNEY NEWSLETTER Complex Insurance Policies Penalties On Withdrawals Commissions, Annual Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Whenever a life insurance agent or […]

ATTORNEY NEWSLETTER Online Access To Deposit Instructions Redirected Automatic Deposits Protecting Older Loved Ones  Anonymous online access to pension or Social Security benefit profiles or phone impersonations of seniors are frequent ploys by caregivers intent on stealing from unsuspecting older persons. Whenever a dishonest caregiver gains access to confidential financial […]

ATTORNEY NEWSLETTER Over $1 Million Allegedly Taken Fraudulent Checks And Phony “Gifts” To Caregiver Alleged Remedies For Seniors 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, much higher […]

ATTORNEY NEWSLETTER Complex, Expensive Insurance Contracts Surrender Penalties On Withdrawals Sales Commissions, Contract Fees And Caps On Returns Life insurance agents often approach older consumers with proposals for deferred annuities as vehicles for retirement income. Deferred annuities are complex insurance products and are not like direct investments in mutual funds, […]