Monthly Archives: June 2018

ATTORNEY NEWSLETTER Full and Partial Surrenders Athene Annuity and Life Company, formerly Aviva Annuity and Life Company, issues fixed indexed annuities in California. These contracts, like all deferred annuities, include penalties for early withdrawals, known as surrenders.  Surrenders may be full (withdrawing the entire value of the contract) or partial […]

ATTORNEY NEWSLETTER Fighting Harm to Senior Citizens The California elder abuse attorneys at Evans Law Firm, Inc. know that whenever they sue insurance agents and carriers for financial elder abuse they’re in for a fight. Our lawyers are prepared for that fight. Agents and carriers will likely move to dismiss […]

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 […]

ATTORNEY NEWSLETTER State and Federal Securities Law Violations Securities fraud is a serious crime under both federal and California securities laws. Law enforcement prosecutes the crimes and may obtain restitution for victims but the federal and California securities laws also grant victims the right to sue for civil damages which […]

ATTORNEY NEWSLETTER Elder Abuse in Nursing Homes Sadly, nursing home abuse is a real problem in California and growing as our population ages. California has the nation’s largest growing senior population and hundreds of thousands of Californians live in nursing homes or residential care facilities for the elderly. Often these […]

ATTORNEY NEWSLETTER Failure to Disclose as Securities Fraud Recently the Securities and Exchange Commission (SEC) reached a $35 million settlement with Altaba Inc. for alleged securities fraud[1].  For those of you that don’t know, Altaba is the old Yahoo!. Previously, the SEC charged the company with failure to investors of […]

ATTORNEY NEWSLETTER Seniors and High-Pressure Sales Tactics If you’re close to retirement, chances are you may have received more than one invitation for a retirement planning seminar offering a free meal at a fancy hotel. Maybe it was a flier on your car or a mailed invite.  Be careful.  Agents […]

ATTORNEY NEWSLETTER What Are Powers of Attorney? A Power of Attorney (POA) is a very important legal document where the principal authorizes an agent to act on the principal’s behalf. California seniors often execute POAs when their own ability to manage their affairs becomes impaired by illness or loss of […]

ATTORNEY NEWSLETTER Latest Reported Ponzi Scheme Had Over 600 Victims Whenever you read about Ponzi schemes, you likely think of Bernie Madoff. His scheme ripped off retirees and charities for decades.  But Ponzi schemes did not die out with the unraveling of Madoff’s fraud. On June 19, the Securities and Exchange Commission […]

ATTORNEY NEWSLETTER A Closer Look At Variable Annuities Variable annuities are complex annuity contracts with securities and insurance features. Returns on variable annuities fluctuate with the market making these complicated contracts especially dangerous for seniors. The complexity and confusion surrounding the terms of variable annuities can lead to questionable sales […]