Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Elder Abuse on the Rise Nationwide and in San Francisco Sharp Increases in Elder Abuse Statistics The Centers for Disease Control and Prevention (CDC) recently reported an alarming increase in the number of seniors nationwide enduring elder abuse. Over a 15-year period, physical elder abuse has increased 75% […]

ATTORNEY NEWSLETTER The Truth About Deferred Annuities Buyer Beware Investment analyst Ken Fisher’s take on deferred annuities is blunt: “I’d rather die and go to hell before selling an annuity.” [1] As over the top that may sound, Fisher’s investment experience has taught him that annuities are costly and complicated […]

ATTORNEY NEWSLETTER Financial Elder Abuse Strikes Seniors From Many Directions Statistics reveal that elder abuse strikes as many as 1 in 5 seniors in America and the economic toll of financial elder abuse alone may be as high as $2.6 billion annually. Financial elder abuse strikes seniors across ever demographic […]

ATTORNEY NEWSLETTER Annuities Are Costly and Complicated Losses From Surrender Charges, Commissions, and Fees Annuities are complicated and risky and tie up your money for years, subject to penalties (for as long as 15 years under some contracts) if you need to take your money out. It’s easy to put […]

ATTORNEY NEWSLETTER What Does the Law Mean by “Undue Influence”? Undue influence is often a key element in financial elder abuse cases. Caregivers may exert undue influence over vulnerable seniors to get the senior to add them to a Will, grant them a Power of Attorney, name them as beneficiary […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Complicated Tying Up Your Money for Long Periods is Risky Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties […]

ATTORNEY NEWSLETTER New Ponzi Schemes Years after the Bernie Madoff Ponzi scheme was discovered, such fraudulent pyramid schemes are very much still around. And some go on as long as Madoff’s.  In a complaint filed last week against broker dealer Securities America, one family of victims alleges a Securities America […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Risky Another Risk: Carriers Sell Annuities Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties if you need to […]

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 Social Security Benefits and Income Planning Insurance Agents and Advisors May Mislead You Social Security is a big part of planning for the future. Once eligible, married couples each receive their own benefits when living but when one spouse dies, the double benefits do not continue.  The survivor […]