Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Understanding The Disadvantages Of Annuities Tax Consequences Withdrawal Penalties And Taxation Evans Law Firm, Inc. recommends against deferred annuities for older consumers.  In the firm’s practice we have seen older consumers lose money as the result of high sales commissions, annual fees and rider fees; returns on premiums […]

ATTORNEY NEWSLETTER SEC Alleges Decades-Long Ponzi Scheme Over 400 Mostly Elderly Investors Were Victims Emergency Action Shuts Down Alleged Scheme Financial elder abuse can be abuse of a particular senior citizen or can be part of a scheme that targets multiple senior citizens for risky or inappropriate investments, or unsuitable […]

ATTORNEY NEWSLETTER Understand The Inherent Risks In Annuities Contracts Are Complicated And Expensive Withdrawals And Surrenders Are Costly Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older consumers based on what we have seen in our litigation experience: sales commissions and annual fees on these […]

ATTORNEY NEWSLETTER Caregiver Allegedly Cashed 43 Checks Off Victim’s Account Another Caregiver Forged Checks And Made Zelle Transfers Families Detect Fraud And Theft Every time a stranger or caregiver enters the home of an elderly person there is a risk of financial elder abuse.  The amounts stolen can be relatively […]

ATTORNEY NEWSLETTER Seven Examples Of Insurance Agent Fraud And Financial Elder Abuse Victims Include Many Seniors Protecting Older Loved Ones From Insurance Agent Fraud Insurance agents and brokers serve as trusted advisors to their clients, ensuring that policyholders are adequately protected in the event of a loss.  However, on some […]

ATTORNEY NEWSLETTER Older Clients At Risk Of Abuse By Unscrupulous Advisors How Brokers Defraud Elderly Clients Protecting Against Financial Elder Abuse Seniors are vulnerable to financial advisors, brokers, insurance agents, trustees and others whether they are new advisors or persons with whom the senior may have had a relationship for […]

ATTORNEY NEWSLETTER Beware High-Pressure Sales Tactics Beware High Surrender Charges Beware Agents Urging You To Switch Annuities Insurance companies may offer commissions as high as 10 percent to agents who sell products like long-term deferred annuities to senior citizens. In this environment, consumers should arm themselves with information to protect […]

ATTORNEY NEWSLETTER Redirecting Social Security Automatic Deposits Identity Theft And Online Access Protecting Seniors From Financial Exploitation Among the income and assets an unscrupulous caregiver can steal from an elderly person are that person’s Social Security benefits or private pension benefits.  Ordinarily these benefits are paid monthly by direct deposit […]

ATTORNEY NEWSLETTER Annuities Are Complex And Expensive Your Upside Is Limited Expenses Add Up Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older consumers based on what we have seen in our litigation experience: sales commissions and annual fees on these policies are high; the […]

ATTORNEY NEWSLETTER Insurance Agent Accused Of Stealing $200,000 In Premium Payments 32 Victims Including Many Seniors Allegations Of Forgery And Falsified Documents Seniors are vulnerable to financial elder abuse from all kinds of individuals and businesses, including insurance agents who can swindle seniors out of money.  An insurance agent’s financial […]