Category: Elder Financial Abuse

ATTORNEY NEWSLETTER In-Home Caregiver Arrested Accused Of Falsifying Checks Police Say $35,000 Missing From Victim’s Accounts The consequences of financial elder abuse on senior victims can be devastating.  While financial elder abuse by a dishonest caregiver or other person with access to a senior’s finances may start out relatively small, […]

ATTORNEY NEWSLETTER Deferred Annuities Are Not Good Choices For Seniors Exiting Deferred Annuities Is Costly Fees, Participation Rates And Caps Diminish Returns Whenever a life insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed […]

ATTORNEY NEWSLETTER Saw Elderly Man’s PIN at Grocery Store Victim Reported Large Sum Missing From Bank Account ATM and CashApp Transactions And Amazon Purchases A recently reported case, discussed below, illustrates what can happen when a dishonest caregiver discovers an older person’s debit/ATM card PIN.  We often write about unauthorized […]

ATTORNEY NEWSLETTER Six Felony Counts Brought Against Former Caregiver 77-Year-Old Disabled Victim Credit Cards Allegedly Used For Rent, Jewelry And Car Downpayment Unauthorized use of credit cards is a common type of fraud perpetrated on seniors by dishonest caregivers or other strangers with access to a senior’s cards.  Dishonest caregivers […]

ATTORNEY NEWSLETTER Financial Advisors And Customer Cognitive Decline On The Front Lines Of Protecting Older Customers From Financial Abuse Consequences Of Impaired Mental Capacity Cognitive decline is a fact of life among America’s aging population and financial advisors often find themselves on the front lines of an effort to protect […]

ATTORNEY NEWSLETTER How Life Insurance Agents Can Defraud Seniors Case Examples Of Financial Elder Abuse And Fraud Protecting Older Loved Ones We have written often about how seniors may be victims of financial elder abuse from different directions – by caregivers, trustees, financial advisers, and life insurance agents, among others.  […]

ATTORNEY NEWSLETTER When Seniors Victimized By Physical And Financial Abuse Case Example Of Multiple Charges Against Caregiver Pursuing Parties Responsible For Abuse Incidents of caregiver abuse of their elderly patients often involve both physical abuse or neglect and financial elder abuse.  A dishonest caregiver’s physical abuse or neglect of an […]

ATTORNEY NEWSLETTER How Agents Steal From Seniors By POA Case Example Of Large Theft By POA Legal Consequences For Agent Financial powers of attorney (POAs) grant full legal authority over a person’s financial affairs, unless the POA expressly limits the appointed agent’s power in some way.  The scope of the […]

ATTORNEY NEWSLETTER Forged And Altered Checks Alleged Unlicensed Caregiver Reportedly Had Prior Criminal Record Allegedly Took $1 Million From Victim’s Trust Older victims lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. The same sources report that […]

ATTORNEY NEWSLETTER Getting Your Money Back Is Costly Withdrawal Penalties Lock Policyholders In To Investment Strategies Rate Of Return Can Be Very Low Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  As an industry […]