Category: Elder Financial Abuse

ATTORNEY NEWSLETTER What Does the Law Mean by “Undue Influence”? Undue influence is often a key element in financial elder abuse cases. Caregivers may exert undue influence over vulnerable seniors to get the senior to add them to a Will, grant them a Power of Attorney, name them as beneficiary […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Complicated Tying Up Your Money for Long Periods is Risky Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties […]

ATTORNEY NEWSLETTER New Ponzi Schemes Years after the Bernie Madoff Ponzi scheme was discovered, such fraudulent pyramid schemes are very much still around. And some go on as long as Madoff’s.  In a complaint filed last week against broker dealer Securities America, one family of victims alleges a Securities America […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Risky Another Risk: Carriers Sell Annuities Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties if you need to […]

ATTORNEY NEWSLETTER Full and Partial Surrenders or Cancellations of Athene Annuity and Life Company Annuities Athene Annuity and Life Company, formerly Aviva Annuity and Life Company,[1] issues fixed indexed annuities in California.  These contracts, like all deferred annuities, include penalties for early withdrawals, known as surrenders.  Surrenders may be full […]

ATTORNEY NEWSLETTER Social Security Benefits and Income Planning Insurance Agents and Advisors May Mislead You Social Security is a big part of planning for the future. Once eligible, married couples each receive their own benefits when living but when one spouse dies, the double benefits do not continue.  The survivor […]

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 […]