Category: financial elder abuse

ATTORNEY NEWSLETTER Are Indexed Annuities Just Over-Our-Heads Difficult? Indexed Annuities Annuities are complex financial instruments. So-called indexed annuities are even more complicated. Yet, these investments are made quite often, which means people could be investing in a product they simply do not understand. And the stakes are incredibly high; often […]

ATTORNEY NEWSLETTER Caregiver Fraud In Contra Costa and Beyond Caregiver Fraud Sadly, cases of caregiver fraud are all too frequent these days. On many occasions, the victims and loved ones are not remotely aware of the fraud until the financial injury is so great that it can no longer be […]

Within the United States, seniors aged 65 and older control approximately $18 trillion in wealth, according to Barrons.  Unfortunately, managing all of this money can sometimes become challenging for older people, especially if they begin to experience dementia or other age-related cognitive and physical decline. While seniors should be able […]

ATTORNEY NEWSLETTER New FINRA Rules Aim to Curb Financial Elder Abuse The Background Financial elder abuse is a problem that’s increasingly coming to the attention of California and federal regulators, and the new rules issued by FINRA last month are one of the latest moves to stem the tide of […]

In 2016, New York Life Insurance was sued by employees who claimed that they were charged excessive 401(k) fees. The plaintiffs who filed suit alleged New York Life was enriched by unjust fees and expenses because plan managers of 401(k) plans failed to invest in lower-cost funds — a decision […]

Northwestern Mutual offers a variety of whole life insurance policies including 65 Life, 90 Life and Limited Pay Life. The insurer promises you will only pay premiums until age 65 or 90, respectively, with the first two of its whole life policies.

The purchase of whole life insurance is a popular investment option. State Farm Life Insurance Co. is one of the largest insurers offering consumers the chance to buy a whole life insurance policy with a death benefit and an investment component. For those interested in purchasing coverage, State Farm offers […]

ATTORNEY NEWSLETTER Protecting Elders with Memory Loss One of the most difficult aspects of aging loved ones is the onset of memory and cognition issues. While it may not impact all seniors, the majority have to deal with some level of dementia, Alzheimer’s or other neurological condition. For close family […]

ATTORNEY NEWSLETTER Understanding and Preventing Elder Abuse It’s becoming increasingly apparent that financial elder abuse is a serious concern not only to seniors and their families, but to society at large. A new study by Metlife suggests that financial abuse costs elders almost $3 Billion every year. This money is […]

ATTORNEY NEWSLETTER Legal Issues Surrounding an Aging Population Many of the major shifts in American society in the last half century can be attributed, directly or indirectly, to the baby boomer generation. It’s been known for years that as that generation ages, it will lead to major changes in employment, […]