Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Caregiver Allegedly Accessed Victim’s Home While Victim Hospitalized Credit Card Account Opened In Victim’s Name 22 ATM Withdrawals Totaling $12,500 Any dishonest caregiver with access to a senior’s confidential financial information and personal information like date of birth, Social Security Number, maiden name, etc. can use that information […]

ATTORNEY NEWSLETTER Caregiver Allegedly Re-Directed Pension and Social Security Deposits Online Changes To Deposit Instructions Preventing This Form Of Financial Elder Abuse Anonymous online access to pension or Social Security benefit profiles or phone impersonations of seniors are frequent ploys by caregivers intent on stealing from unsuspecting older persons. Whenever […]

ATTORNEY NEWSLETTER Deferred Annuities Are Long-Term Insurance Contracts Downsides For Seniors Include Costly Surrenders Returns Eroded By Commissions, Fees, Participation Rates And Caps Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Sellers of deferred annuities include […]

ATTORNEY NEWSLETTER Financial Powers Of Attorney Are Powerful Legal Instruments Possibility Of Abuse Of Power Always Present Examples Of Power Of Attorney Abuse Powers of Attorney (POAs) are important and powerful legal documents that grant the agent appointed under the POA full legal authority to act for the principal who […]

ATTORNEY NEWSLETTER Assisted Care Facility Residents Victimized Family Discovers Suspicious Charges Unauthorized Charges On Two Patients’ Cards Whenever a dishonest caregiver or other stranger enters a senior’s home or a senior’s room in an assisted care facility or nursing home, credit and debit cards and ATM cards, checks and entire […]

ATTORNEY NEWSLETTER Unauthorized Debit Card Use Alleged Two Years Of Alleged Fraud $30,000 Charged On 76-Year-Old’s Accounts Unauthorized use of credit and debit cards is a prevalent form of financial elder abuse of the elderly.  Dishonest caregivers and others who access a senior’s cards and PIN (or create a PIN […]

ATTORNEY NEWSLETTER Costly Withdrawals From Contracts Locked Into Investment Strategies Commissions, Fees And Caps Diminish Returns 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.  If you try to exit the annuity contract, you will […]

ATTORNEY NEWSLETTER Elder Abuse A Growing Epidemic in U.S. Spotting Signs Of Elder Abuse Of Loved Ones And Friends Call Counsel If You Suspect Abuse As many as 1 in 10 older adults is abused or neglected each year in the United States, and only 1 in 14 cases of […]

ATTORNEY NEWSLETTER Be Wary Of Annuities In IRA Accounts Disadvantages Of Deferred Annuities Tax deferral is an important component of retirement savings.  In IRAs, 401(k)s, SEPs and the like retirement savings grow tax-free until it’s time to withdraw without penalty after age 59 ½.   Annuity salesmen often counsel consumers to […]

ATTORNEY NEWSLETTER Victim Noticed Suspicious Charges On Account Unauthorized Purchases Allegedly Include Caregiver Vacations Caregiver Charged With 30 Separate Felonies One of the most recurring forms of financial elder abuse is theft from seniors by dishonest caregivers working in a senior’s own home.  Betrayal of an elder’s trust by a […]