Category: financial elder abuse

ATTORNEY NEWSLETTER Money Missing From Senior’s Bank Accounts “Gifts” And Multiple Fraudulent Checks Alleged Protecting Older Loved Ones As many as one in 10 vulnerable adults are potential targets, according to federal officials, and their financial predators are most often caregivers or other persons with access to their victims’ financial […]

ATTORNEY NEWSLETTER 71-Year-Old Victim Of Caregiver Fraud $53,000 In Unauthorized Checks And ATM Withdrawals Protecting Older Loved Ones Theft by unauthorized ATM withdrawals is an all too frequent form of financial abuse on the elderly. Never hand an ATM/debit card or credit card to a caregiver and ask them to […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities For Seniors Getting Out Of A Contract Is Expensive Sales Commissions, Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, […]

ATTORNEY NEWSLETTER Excessive Payments To Caregiver Victim’s Family Spots Irregularities Protecting Seniors From Fraud California broadly defines what constitutes financial elder or dependent adult abuse: (a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following: (1) Takes, secretes, appropriates, obtains, or retains […]

ATTORNEY NEWSLETTER Powers Of Attorney Grant Broad Authority Self-Dealing And Other Fraud By Appointed Agents Remedies For Injured Seniors Powers of attorney are extremely important estate planning tools for all of us as we age; it is helpful to have such arrangements in place before the need for them arises […]

ATTORNEY NEWSLETTER Forms Of Elder Abuse<h1> How To Spot Neglect And Abuse Remedies For Victims The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims of financial elder abuse is estimated to be at least $36.5 billion. (That number could in […]

ATTORNEY NEWSLETTER 86-Year-Old Victim Of Caregiver Fraud Caregiver Entrusted To Pay Senior’s Bills Unauthorized Card Charges And Overdrawn Account 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 […]

ATTORNEY NEWSLETTER Elderly Couple Out Over $300,000 Caregiver Admits Forgeries And Other Crimes Unauthorized Online Transfers Many caregivers are hardworking, compassionate people who truly care for the older persons they take care of.  But the reality is that they are also dishonest, greedy, and manipulative individuals acting as caregivers as […]

ATTORNEY NEWSLETTER Case Example Bank Noticed Suspicions Activity Protecting Older Loved Ones While all seniors are potential victims of financial elder abuse, those who are alone and under the care of an in-home caregiver are particularly at risk if the caregiver is a dishonest person looking to take advantage of […]

ATTORNEY NEWSLETTER Case Example With Over $1 Million Allegedly Taken Fraudulent Checks And Phony “Gifts” To Caregiver Alleged Remedies For Seniors And Their Families 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 […]