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Category: Elder Financial Abuse

Contra Costa County Financial Elder Abuse Attorneys: Powers Of Attorney And Financial Abuse Of The Elderly

ATTORNEY NEWSLETTER Using A Power Of Attorney To Steal Abusers Revoke Prior Powers Recourse For Victims And Their Families Powers of Attorney (POAs) can cover financial matters and also health and personal care matters and medical needs.  The California Probate Code provides standard forms for both types of POAs.  See […]

Santa Clara County Financial Elder Abuse Attorney: Financial Exploitation Of Seniors

ATTORNEY NEWSLETTER Caregivers, Strangers And New “Friends” Exploiting Seniors Taking Advantage Of Cognitive Impairment Protecting Seniors From Financial Exploitation Unscrupulous caregivers, new “friends,” and complete strangers may all exploit seniors financially.  The means vary from straight theft of cash or checks, forgeries, and identity theft to more elaborate (or harder […]

Napa County Financial Elder Abuse Attorney: Disadvantages Of Deferred Annuities For Seniors

ATTORNEY NEWSLETTER Agents Target Seniors With Unsuitable Deferred Annuities Withdrawal Penalties And Taxes On Surrenders Avoid Expensive Exchanges Or Switches Of Policies Agents push deferred annuities for senior consumers because sales generate substantial commissions.  Evans Law Firm, Inc. recommends seniors avoid deferred annuities, based on years of representing older consumers […]

Contra Costa Financial Elder Abuse Attorney: Elderly Victim Wins $1.1 Million Award In Trust Contest Case

ATTORNEY NEWSLETTER Neighbor Allegedly Manipulated Elder’s Trust To Become Beneficiary Court Awards Double Damages Deceased Victim’s Niece Brought Trust Contest Californians create trusts to avoid probate expenses and delays at their death and provide for management of their assets if they become incapacitated.  Trusts are a good way to protect […]

San Francisco and California Financial Elder Abuse Attorney: Financial Advisor Sentenced For Stealing $25 Million From Elderly Investors

ATTORNEY NEWSLETTER Five-Year Scheme Targeted Retirees $25 Million In Losses To More Than 300 Victims Financial Advisor Sentenced To 35 Years In Prison Unscrupulous financial advisors, insurance agents and retirement planners (among others) often target seniors with their fraudulent schemes.  Typically, the approach is to offer a senior an investment […]

Marin County and California Financial Elder Abuse Attorney: Insurance Agent Arrested For Stealing From Elderly Clients

ATTORNEY NEWSLETTER Agent Accused Of Stealing $1.2 Million 14 Elderly Clients Were Victims Accusations Of Stolen Premiums, Lies, And Falsified Documents Seniors are all potential victims of financial elder abuse and predators include in-home caregivers, insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, contractors, second spouses, and […]

Oct 22, 2021 - Annuities by |

Santa Clara County Financial Elder Abuse Attorney: Deferred Annuities Unsuitable Investments For Seniors

ATTORNEY NEWSLETTER Beware High-Pressure Sales Tactics Beware High Surrender Charges Beware Agents Urging You To Switch Annuities Sales of unsuitable insurance products to seniors by insurance carriers and agents may constitute financial elder abuse under Cal. Welf. & Inst. Code § 15610.30 and violations of the California Insurance Code. See, […]

Los Angeles and Orange County Financial Elder Abuse Attorneys: SEC Shuts Down $17.6 Million Ponzi Scheme Targeting Mostly Retirees

ATTORNEY NEWSLETTER SEC Charges Couple With Running Ponzi Scheme 200 Victims Include Many Elderly Retirees Emergency Action Appointing Receiver To Preserve Assets Financial elder abuse can be abuse of a particular senior citizen or can be a largescale fraud such as a Ponzi scheme, where fraudsters use money collected from […]

Oct 19, 2021 - Annuities by |

Santa Cruz County Financial Elder Abuse Attorney: Return Calculations, Fees, And Surrender Charges In Deferred Annuities

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Especially Limitations On Returns And Accumulated Fees Getting Out Of An Annuity Is Expensive Evans Law Firm, Inc. recommends that seniors avoid deferred annuities because over the years we have seen many older consumers lose money on deferred annuities as the result of high […]

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