Category: financial elder abuse

ATTORNEY NEWSLETTER One of the major problems with convalescent homes in 21st century California is the absence of an objective rating system to help guide consumers. For those who have loved ones who are repeatedly asking to know what day it is, or to repeat your name for the tenth […]

ATTORNEY NEWSLETTER According to a recent MetLife study, the 21st century cost of financial elder abuse approaches a staggering figure: $2.9 billion each year. With recent trends indicating a meteoric rise in the incidence of elder abuse in the United States, perhaps the only silver lining to this sad sad […]

ATTORNEY NEWSLETTER California and San Francisco elder abuse lawyers caution people to be aware of any possible elder abuse happening to their loved ones. Elder abuse is more prevalent than one may think. If you notice or feel like something is amiss about your loved ones, such as a messy […]

ATTORNEY NEWSLETTER Fixed indexed annuities (also known as deferred annuities) are long term investments/insurance that often have penalties or what are referred to in the life insurance industry as surrender charges for 15 years or more, and can have very high fees for withdrawal even if needed for necessary life […]

Older Californians, especially those who have amassed a fortune of sorts throughout their lives, may be easy prey for financial abuse and fraud from an unlikely source—their own family members—in scams that are on the rise across the country, financial elder abuse attorneys in San Francisco report. Loans and gifts […]

ATTORNEY NEWSLETTER The Securities and Exchange Commission recently issued an investor alert to inform investors about a type of investment scam. Affinity fraud is a form of investment scam that targets members of identifiable groups. The groups targeted could be religious, elderly, ethnic, or any other group that shares common […]

ATTORNEY NEWSLETTER A Los Angeles area woman was sentenced on financial elder abuse charges. The defendant will spend three years in California state prison after pleading no contest. It was alleged that the defendant committed financial elder abuse by stealing money from an elderly couple and a 97 year-old woman. […]

ATTORNEY NEWSLETTER According to an article in the Glendale News Press in December 2013, a 52- year-old man named Kaveh Vahedi was sentenced to prison. The defendant allegedly scammed millions of dollars out of many victims. It was alleged that his own elderly parents were victims of his scam. According […]

ATTORNEY NEWSLETTER The definition of undue influence contained in Welfare and Institutions Code, section 15610.70 was amended by the state of California at the start of 2014. The updated definition of undue influence applies to financial elder abuse and testamentary dispositions. In the past, in order to prove undue influence […]

ATTORNEY NEWSLETTER People attending a financial seminar in Los Angeles got more than they planned for when one of the guest speakers was arrested. The guest speaker was arrested on financial elder abuse charges. Jose Carbajal, the guest speaker who was arrested, is a 45 year-old financial advisor. Los Angeles […]