Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Financial Powers of Attorney and the Elderly Potential for Misuse Financial elder abuse can strike seniors from various directions including from those whom the senior has trusted with a Power of Attorney (POA) over financial matters. A financial POA is a very important legal document where the principal […]

ATTORNEY NEWSLETTER Court-Appointed Fiduciaries Wield Great Power What Can Go Wrong And Potential For Abuse Of Power Court-appointed conservators and other fiduciaries (such as guardians or trustees) wield enormous power over the dependent individuals and properties they are appointed to manage and protect. Court appointments supersede earlier Powers of Attorney, […]

ATTORNEY NEWSLETTER Understanding Risks and Downsides Insurance carriers and agents and financial advisors push life insurance in any form: term life insurance, whole life insurance, and universal life insurance. Whole life insurance and universal life insurance pay higher commissions than term life insurance (the premiums are higher too) so pay […]

ATTORNEY NEWSLETTER Full and Partial Surrenders or Cancellations of Athene Annuity and Life Company Annuities Athene Annuity and Life Company, formerly Aviva Annuity and Life Company,[1] issues fixed indexed annuities in California.  These contracts, like all deferred annuities, include penalties for early withdrawals, known as surrenders.  Surrenders may be full […]

ATTORNEY NEWSLETTER Beware The Fine Print In The Details: Caps, Spreads, Fees and Surrender Charges Devour Your Money Our litigators often explain in our blogs why we think deferred annuities are not a good investment, particularly for seniors. Deferred annuities come in three forms:  fixed rate, fixed-indexed rate, and variable […]

ATTORNEY NEWSLETTER World Elder Abuse Awareness Day 2019 Lifting Up Voices For The Elderly Today, June 15, is World Elder Abuse Awareness Day. Each year, World Elder Abuse Awareness Day reminds us of the shared values of elder justice and improving quality of life for older people around the globe.   […]

ATTORNEY NEWSLETTER Caregivers and Financial Elder Abuse Comic Book Legend Stan Lee’s Caregiver Arrested for Theft and Elder Abuse Failing seniors are always at risk of financial exploitation and abuse by all kinds of abusers, including especially caregivers with the most proximity to their victims. Last week[1], in a case […]

ATTORNEY NEWSLETTER California Civil and Criminal Laws Protect The Elderly Perpetrators May Be Subject To Civil And Criminal Liability California has statutes making elder abuse subject to criminal and civil liability. Essentially, the statutes forbid not only the lack of care but also the financial, physical or mental abuse of […]

ATTORNEY NEWSLETTER Guggenheim Partners/Security Benefit Life Insurance Company Total Value Annuities (TVAs) The life insurance and annuity attorneys at Evans Law Firm, Inc. represent clients who have suffered losses on all types of life insurance and annuity contracts, including indexed annuities and equity indexed universal life insurance. Indexed annuities are […]

ATTORNEY NEWSLETTER FINRA Fines Advisor For Misrepresentations Annuities and Retirement Plan Misrepresentations The Financial Industry Regulatory Authority (FINRA) polices investment advisory firms and other member financial organizations in their dealings with consumers. FINRA regulates individual advisors and also the supervision they’re under by their employers to ensure honesty with clients […]