Category: California Financial Elder Abuse Attorney

ATTORNEY NEWSLETTER Seniors Targets of Financial Elder Abuse If You’re a Victim, We Can Help Unscrupulous stockbrokers, insurance agents, financial advisors and retirement planners prey on seniors with “opportunities” of higher returns in a low-interest-rate environment. Be careful. Annuities or high-risk investments are unsuitable for seniors and can lead to […]

ATTORNEY NEWSLETTER Enhanced Remedies For Victims Include Attorneys’ Fees Awards Appellate Court Broadens Attorneys’ Fees Awards The California Elder Abuse and Dependent Adult Civil Protection Act, the “Elder Abuse Act,” protects elders against financial and other abuse “by providing enhanced remedies which encourage private, civil enforcement of laws against elder […]

ATTORNEY NEWSLETTER More And More Employers Selling Off Pension Obligations Insurance Carriers Buy Up Plans Putting Benefits At Risk COVID-19 has shattered the US economy and recovery may take decades according to some economists. For seniors and those approaching retirement the effect of the collapse on retirement savings and pension […]

ATTORNEY NEWSLETTER Understand The Drawbacks of Fixed Indexed Annuities Insurance Policies Not Investments Do Not Be Rushed Into A Sale The current bear market and COVID-19 economic downfall have insurance agents out pushing fixed indexed annuities as a blend of safety and upside opportunity should the market turn around. Don’t […]

ATTORNEY NEWSLETTER Isolated Seniors Are Prey To Greedy Caregivers The Effects Can Be Devastating Greedy caregivers who steal from their elderly patients will really stop at nothing once they get started. Often, the theft begins slowly with relatively small amounts of cash or unauthorized purchases. Almost inevitably, the theft escalates. […]

ATTORNEY NEWSLETTER Understand Returns, Costs, and Penalties Resist Hard Sell Tactics Especially “Free Lunch” Seminars! Our litigators recommend against annuities for any older consumers because commissions and fees are high, returns on your money are calculated to benefit the carrier not you, and the contracts tie up your money for […]

ATTORNEY NEWSLETTER Financial Elder Abuse Of The Most Vulnerable Predators Exploit The Dying Time and again our litigators see cases where caregivers and others financially exploit seniors suffering from terminal illness, and steal from them right up until death. These predators will take cash, write checks, open safes, forge documents, […]

ATTORNEY NEWSLETTER Dangers of Premium Payment Loans Tax Consequences Borrowing against a whole life insurance policy can have serious economic and tax consequences down the road if policyholders are not careful. Insurance agents use the fact that policyholders can borrow against the cash value of whole life policies as part […]

ATTORNEY NEWSLETTER Financial Elder Abuse Can Strike Any Senior High Achievers Vulnerable Too Dangers In Covering Up Cognitive Impairment Financial elder abuse can strike any senior, rich or poor, man or woman, living at home or in a care facility. Financial predators such as insurance agents, financial planners, and caregivers […]

ATTORNEY NEWSLETTER Disadvantages Of A “1035” Exchange  Consider 1035 Proposals As Red Flags Annuity Transactions And Tax Consequences Our litigators recommend against annuities, especially for seniors. If you already own an annuity, be extremely cautious whenever an agent or advisor recommends you replace or exchange it, especially if the idea […]