Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Civil Penalties And Criminal Charges For Misuse Examples Of Power Of Attorney Misuse Enhanced Remedies For Seniors 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 (AHCDs), grant authority over […]

ATTORNEY NEWSLETTER How Seniors Are Financially Exploited Signs Of Financial Abuse Noticing Social, Physical And Behavioral Clues As we age, we may grow dependent on the help of others.  The process may be gradual or sudden (as after a stroke or accident).  Either way, increased dependence on others open up […]

ATTORNEY NEWSLETTER $6 Million Stolen From Elderly Clients Money Spent By Financial Advisor For Personal Expenses Long Prison Sentence And Restitution Ordered Seniors are potentially financial elder abuse victims from many different directions: by in-home caregivers; insurance agents, trustees, conservators, second spouses, boyfriends or girlfriends, or financial advisors.  Predators may […]

ATTORNEY NEWSLETTER 81-Year-Old Victim Victim Entrusted Caregiver To Pay His Bills Authorities Allege Caregiver Stole Thousands The consequences of financial elder abuse on senior victims can be devastating.  Some elderly victims are driven to the brink of homelessness due to lack of funds to pay their rent.  There are instances […]

ATTORNEY NEWSLETTER Allegedly Threatened Victim Victim Without Funds To Pay Rent Suspicious Transactions Reported By Victim’s Granddaughter Financial elder abuse of seniors by dishonest and greedy caregivers is one of the most pervasive forma of financial elder abuse.  Reports of caregiver fraud and abuse appear almost every day in the […]

ATTORNEY NEWSLETTER Victims Resided In Assisted Care Facility Family Of One Victim Discovers Suspicious Charges Suspect Accused Of 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 […]

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

ATTORNEY NEWSLETTER Accused Of Using Wheelchair Bound Woman’s Debit Card Allegedly Paid Their Own Bills With Victim’s Card Two Recent Case Examples Unauthorized use of credit and debit cards is a prevalent form of financial elder abuse of the elderly.  If a dishonest caregiver has access to a senior’s debit […]

ATTORNEY NEWSLETTER Expensive To Exit Any Deferred Annuity No Control Over How Your Money Is Invested Commissions, Fees And Caps Erode 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 […]

ATTORNEY NEWSLETTER Aide Stole Jewelry, Cellphones And Designer Purses Aide Employed At Facility For 14 Years Prison Sentence And Restitution Seniors in assisted care facilities face the risk of financial elder abuse like those seniors under the care of in-home caregivers or other strangers in their homes. This kind of […]