Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Case Example Monitoring Senior’s Accounts Detected Irregularities Protecting Seniors From Financial Elder Abuse And Caregiver Fraud Fraud on seniors by their paid in-home caregivers (referred to as “caregiver fraud”) is a recurring form of financial elder abuse. Whenever a dishonest caregiver or other stranger enters a senior’s home […]

ATTORNEY NEWSLETTER Broad Authority Under Powers Of Attorney Self-Dealing And Other Agent Fraud Remedies For Injured Seniors And Families 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 Caregiver Theft From Elderly Couple Caregiver Admits To Forgeries And Other Crimes Protecting Older Loved Ones From Caregiver Fraud/Caregiver Theft 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 […]

ATTORNEY NEWSLETTER Caregiver Fraud/Caregiver Theft Recent Case Example Protecting Your Older Loved Ones From Caregiver Fraud/Caregiver Theft Fraud by dishonest caregivers ranges from theft of cash, credit cards and checks to elaborate schemes aimed at taking an elderly victim’s entire estate.  Online access to an elderly person’s financial accounts is […]

ATTORNEY NEWSLETTER Deferred Annuities Are Not For Seniors Costly, Complex Contracts Withdrawals Penalties, Commissions And Fees Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come.  The concept sounds simple enough but in fact deferred annuities, like […]

ATTORNEY NEWSLETTER Money Missing From Elder’s Accounts Fraudulent Checks And Phony “Gifts” 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 figure is likely much, much higher […]

ATTORNEY NEWSLETTER Poor Performance Of Indexed Annuities Avoid Marketing Gimmicks Costly Exits From Policies The insurance industry made a significant sales pitch to pre-retirees around a decade ago, offering annuities with the appeal of future stock market and income growth. These contracts were marketed as “indexed” annuities. Over the years […]

ATTORNEY NEWSLETTER Example Of In-Home Caregiver Fraud Caregiver Allegedly Altered Checks Protecting Seniors From Caregiver Fraud Dishonest persons with access to an older person’s money, bank accounts or confidential information may take advantage of that access to wrongfully take a senior’s money or property,. If they do so, they are […]

ATTORNEY NEWSLETTER Powers Of Attorney Confer Complete Control Over Finances The Broad Authority Can Be Abused Liability Of Appointed Agents For Wrongdoing 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), […]

ATTORNEY NEWSLETTER FINRA Prosecutions For Fraud Case Example Protections And Remedies The Financial Industry Regulatory Authority (FINRA) is a non-governmental entity that governs the financial industry from within.  FINRA polices member investment firms for compliance with regulations meant to ensure integrity in financial markets and protect consumers from fraud or […]