Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Agents May Abuse Broad Authority Under Powers Of Attorney Self-Dealing And Other Agent Fraud Remedies For Injured Seniors And Families Powers of attorney are extremely important estate planning tools for all of us as we age; it is helpful to have such arrangements in place before the need […]

ATTORNEY NEWSLETTER Access To Financial Accounts Unauthorized Withdrawals Protecting Seniors From Fraud Whenever a dishonest caregiver gains access to debit or credit cards and confidential financial information of an elderly person like PINs and Social Security numbers, there is a risk that they will use that information to take as […]

ATTORNEY NEWSLETTER 94-Year-Old Victim Fraudulent Checks And Unauthorized Purchases Remedies For Seniors And Their Families Older persons lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. The true figure is likely much, much higher as most financial […]

ATTORNEY NEWSLETTER Power Of Attorney Abuse Is Always A Risk Warning Signs of POA Abuse Remedies For POA Abuse A power of attorney authorizes one or more persons (“agent(s)” or “attorney(s)-in-fact”)) to act on behalf of another (the “principal”) in financial or medical matters. Financial powers of attorney (POAs) grant full […]

ATTORNEY NEWSLETTER Altered Checks And Forgeries Fraudulent Checks Allegedly Overdrew Account How To Protect Your Loved Ones If you or an older loved one has an in-home caregiver, be careful not to involve them in your or your loved one’s financial affairs.  Regardless of how trustworthy the caregiver is, just […]

ATTORNEY NEWSLETTER Growing Epidemic Of Financial Elder Abuse Case Example: Unauthorized Use Of Senior’s Checkbook Protecting Older Loved Ones As many as one in 10 vulnerable adults are potential targets of financial elder abuse, according to federal officials, and their financial predators are most often caregivers or other persons in […]

ATTORNEY NEWSLETTER Financial Powers Of Attorney Explained Case Example Of POA Abuse Remedies For Victims And Families Anyone with a financial power of attorney (POA) for someone else has full legal authority over that person’s financial affairs, unless the instrument limits their power in some way.  The scope of POA […]

ATTORNEY NEWSLETTER The Silent Epidemic Of Financial Elder Abuse Protecting Senior Loved Ones And Friends Remedies For Financial Elder Abuse Financial exploitation of older Americans has grown to epidemic proportions in the U.S.  It is referred to as a “silent” epidemic because so much elder abuse is never reported and […]

ATTORNEY NEWSLETTER Locked In For Years No Investment Control Commissions, Fees And Administrative Costs As an industry saying goes, “Annuities are sold, not bought.” Don’t be one of the people who gets sold. Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some […]

ATTORNEY NEWSLETTER Elderly Victim Suffers Financial And Physical Abuse Caregiver Accused Of Assaulting Elderly Patient Protecting Older Loved Ones Physical abuse or neglect of an elder is often coupled with financial abuse, as the allegations in one reported case, discussed below, reveal.  Greedy caregivers, intent on stealing a senior or […]