Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Preventing Financial Exploitation of Seniors Tips on What to Watch For Even though awareness of financial elder abuse is increasing, cases involving elder investment fraud and financial abuse are very much on the rise. Adult Protective Services in San Francisco reports that financial elder abuse has increased dramatically […]

ATTORNEY NEWSLETTER Caregivers and Financial Elder Abuse Keep Valuables and Important Papers in a Safe Place Whenever a stranger is in an elderly person’s home, the senior’s identity, valuables, credit cards, bank accounts and important papers are all at risk. Unscrupulous caregivers strike quickly and it may be some time […]

ATTORNEY NEWSLETTER Preventing Financial Exploitation of Seniors Legislature Considers Expanding List of Mandated Reporters of Financial Elder Abuse The California Elder Abuse and Dependent Adult Civil Protection Act mandates reporting of suspected financial abuse of an elder or dependent adult.  Cal. Welf. & Inst. Code § 15630.1.  A recently introduced bill in the California […]

ATTORNEY NEWSLETTER Guggenheim Partners/Security Benefit Life Insurance Company Total Value Annuities (TVAs) The life insurance and annuity attorneys at Evans Law Firm, Inc. represent clients who have suffered losses on all types of life insurance and annuity contracts, including indexed annuities and equity indexed universal life insurance. Indexed annuities are […]

ATTORNEY NEWSLETTER Preventing Financial Exploitation of Seniors Older persons control more than 70 percent of U.S. disposable income. Many also have sizeable retirement savings.  As a result, older Americans are targets for insurance agents, financial advisors and investment planners with products to sell.  Many of those products, particularly ones like […]

ATTORNEY NEWSLETTER Understanding Risks and Downsides Insurance carriers and agents and financial advisors push life insurance in any form: term life insurance, whole life insurance, and universal life insurance. Whole life insurance and universal life insurance pay higher commissions than term life insurance (the premiums are higher too) so pay […]

ATTORNEY NEWSLETTER Caregivers and Financial Elder Abuse Keep Checks, Credit and ATM Cards, Valuables and Important Papers in a Safe Place Accessing Your Bank Accounts Whenever a stranger is in an elderly person’s home, the senior’s identity, valuables, credit cards, bank accounts and important papers are all at risk. Unscrupulous […]

ATTORNEY NEWSLETTER How Insurance Agents Financially Exploit Seniors Unscrupulous insurance agents can really wreak havoc on a senior’s finances. Agents prey on seniors’ anxiety over income security in a drive to sell commission-generating annuities and life insurance, including whole life, universal and equity-indexed policies.  In that drive for commissions, agents […]

ATTORNEY NEWSLETTER Elder Abuse by Caregivers Elder Abuse and Neglect can be Deadly Caregiver abuse of the elderly can be deadly. In a recent California criminal case,[1] law enforcement arrested a 62-year-old woman on charges of suspected elder abuse.  The woman was allegedly the caregiver and girlfriend of an 80-year-old […]

ATTORNEY NEWSLETTER Beware Annuities, Whole Life and Equity-Indexed Life Insurance  Consider the Drawbacks and Downsides Insurance agents and financial advisors push annuities and whole and equity-indexed life insurance as part of retirement savings plans, particularly on seniors or persons getting close to retirement and concerned about future income levels. Beware.  All of […]