Financial Elder Abuse
Importance of Civil Recovery Actions
Financial elder abuse takes billions of dollars every year from the pockets of American seniors and their families. Much of the abuse is criminal, outright theft; in other cases it is noncriminal financial exploitation. If the abuse is criminal, always report it to law enforcement. But whether the abuse is criminal or not, always consult an attorney when you suspect any form of financial elder abuse in order to pursue any available civil remedies against the wrongdoer. California leads the nation in protections for seniors against all forms of elder abuse, including financial elder abuse. We at Evans Law Firm represent victims in civil cases against all types of elder abusers and exploiters: insurance agents, brokers, reverse mortgage brokers and lenders, financial advisors, scam artists, embezzling family members, caregivers, assisted care facilities and nursing homes, among others. If you or someone you know is the victim of financial elder abuse in San Mateo County or elsewhere in California, call Evans Law Firm today at 415-441-8669.
Why Civil Cases Matter
Law enforcement plays a critical role in the war on criminal financial elder abuse. But financial exploitation of seniors may violate civil laws in California even if the exploitation is not criminal. Examples include insurance agents selling high-commission unsuitable products, misleading financial advice from investment advisors, expensive and unsuitable reverse mortgages and other loans, unscrupulous contractors, quack weight loss or dietary products, work-from-home schemes, and hidden shipping and handling or subscriptions. Under California law, any “taking” of a senior’s property for a “wrongful use” is financial elder abuse. The same law provides for mandatory attorneys’ fees and costs, easing the financial burden of bringing a lawsuit. There are, however, strict limitations periods within which suits must be brought, so contact an attorney immediately when you first suspect elder abuse. The California elder abuse attorneys at Evans Law Firm represent victims throughout California. Call us at (415)441-8669 when you first suspect a problem.
If you’re a senior or the loved one of a senior be cautious in all financial matters. Know that anyone could be a potential financial predator. We cannot stress enough that you should seek professional help whenever you first suspect financial elder abuse. Seek the advice of people you trust. Do not relinquish authority over finances or access to a checkbook or credit cards to anyone unless it’s someone you completely trust. Don’t respond to door-to-door, phone or mail and internet solicitations for money; these are the most recurring types of financial elder abuse. If your senior loved one requires in home care, be sure to do a background check on anyone you hire. Always keep valuables and important papers safely stored where others cannot access them. Be sure and monitor the senior’s bank account and credit card statements for suspicious withdrawals or other activity. Lastly, if you’re a senior, don’t isolate; let loved ones and longtime friends and professionals help you just as you helped them in your younger years. It’s important.
If you or a loved one been the victim of financial elder abuse in San Mateo County or elsewhere in California, contact San Mateo County and California elder abuse attorney Ingrid Evans and the other elder abuse attorneys at the Evans Law Firm at (415) 441-8669, or by email at <a href=”mailto:firstname.lastname@example.org”>email@example.com</a>. Our attorneys have experience with all types of financial elder abuse, investment and securities fraud and annuity fraud. We can help guide your case through a jury trial, through a FINRA arbitration, 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.