Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Forms Of Elder Abuse<h1> How To Spot Neglect And Abuse Remedies For Victims The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims of financial elder abuse is estimated to be at least $36.5 billion. (That number could in […]

ATTORNEY NEWSLETTER 86-Year-Old Victim Of Caregiver Fraud Caregiver Entrusted To Pay Senior’s Bills Unauthorized Card Charges And Overdrawn Account Never hand an ATM/debit card or credit card to a caregiver and ask them to go get cash or make purchases.  Never give out any PIN numbers. Never give a caregiver […]

ATTORNEY NEWSLETTER Elderly Couple Out Over $300,000 Caregiver Admits Forgeries And Other Crimes Unauthorized Online Transfers Many caregivers are hardworking, compassionate people who truly care for the older persons they take care of.  But the reality is that they are also dishonest, greedy, and manipulative individuals acting as caregivers as […]

ATTORNEY NEWSLETTER Remember Senior Loved Ones and Friends On The Fourth Maintain An Active Role In Senior Lives Happy Fourth of July 2024!  Holidays are made for good times with family and friends and we at Evans Law Firm wish you a happy and safe Fourth of July.  We hope […]

ATTORNEY NEWSLETTER Case Example With Over $1 Million Allegedly Taken Fraudulent Checks And Phony “Gifts” To Caregiver Alleged 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 […]

ATTORNEY NEWSLETTER Low Returns And High Fees Withdrawal Penalties Last For Years Unfavorable Interest Crediting Formulas Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. The contracts are illiquid because during […]

ATTORNEY NEWSLETTER Case Example Of Alleged Caregiver Fraud Victim’s Family Discovers Suspicious Payments And Checks Protecting Seniors From Fraud California broadly defines what constitutes financial elder or dependent adult abuse: (a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following: (1) Takes, […]

ATTORNEY NEWSLETTER Agents Have Broad Authority Under Powers Of Appointment Self-Dealing And Conflicts Of Interest Remedies For Injured Seniors 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 for them arises […]

ATTORNEY NEWSLETTER Suspect Placed Seniors Into Care Facilities Convinced Victim To Give Her Power Of Attorney Safeguarding Older Loved Ones From Financial Abuse Financial powers of attorney (POAs) grant full authority over a person’s financial affairs, and medical powers of attorney, known in California as an Advance Health Care Directives […]

ATTORNEY NEWSLETTER Poor Liquidity High Fees Complex Contracts Deferred annuities are extremely complicated insurance contracts sometimes running to 50-100 pages of technical language and actuarial tables. Seniors are often targeted by insurance agents with proposals for deferred annuities. Younger investors may be disappointed in the returns on any annuity they’ve been […]