The Risks of Financial Elder Abuse Growing
Financial Elder Abuse Can Be Devastating
Looking for Signs
Reports of every form of elder abuse are up in Alameda County but particularly financial elder abuse; more than 70% of reported cases in Alameda County now involve financial elder abuse. Physical elder abuse and neglect can be fatal but financial elder abuse can be devastating too, leaving a senior without money for care or medicine and sometimes leaving them homeless. The financial elder abuse attorneys at Evans Law Firm, Inc. represent senior victims of financial elder abuse against all parties responsible. If you or someone you know is suffering from any form of elder abuse in Alameda County or elsewhere in California, call our elder abuse attorneys today at 415-441-8669, and we can help.
You can fight financial elder abuse by educating yourself on the subject and watching out for warning signs in loved ones, friends and neighbors. Report suspicions of any financial elder abuse to the authorities but also seek out counsel to represent you in holding those responsible for the abuse accountable. Our lawyers will pursue all remedies available against the financial predators, including extra damages and the award of attorneys’ fees and costs for seniors with elder abuse claims. Calif. Welf. & Inst. Code §§ 15657 and 15657.5.
Watch for signs of financial elder abuse:
- Unexpected changes in wills, trusts or powers of attorney.
- Sale to the senior of an inappropriate annuity or life insurance policy.
- Changes in spending habits and cash withdrawals or different types of spending than the senior normally incurs.
- Sudden or unexplained check cashing, transfers of money or ATM withdrawals or credit card activity.
- Opening of a new bank or brokerage account (or multiple accounts) or changing banks and brokerage firms.
- Unpaid bills.
- Unusual increase in investment activity or change in investment style.
- A senior who is overly reluctant to discuss financial matters perhaps out of fear from retaliation from a caregiver or other abuser.
- Allowing a new friend or trusted acquaintance to make decisions on the elderly person’s behalf
- Someone screening the elder’s phone calls or going through their mail
If you or a loved one is or has been the victim of elder abuse in Alameda County or elsewhere in California, contact Ingrid M. Evans and the other elder abuse attorneys at the Evans Law Firm at (415) 441-8669, or by email at firstname.lastname@example.org. We can help guide your case through a jury trial or toward an equitable settlement. We handle cases involving physical and financial elder abuse, qui tam and whistleblower law, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.