Category: Elder Financial Abuse

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 […]

ATTORNEY NEWSLETTER 94-Year-Old Victim Of Caregiver Fraud Falsified/Altered Checks Alleged Over $35,000 Missing In Just Seven Months Access to credit cards and checks is a recurring source of financial elder abuse against seniors.  Dishonest caregivers or other strangers working in a senior’s home may grab checks or cards and use […]

ATTORNEY NEWSLETTER Various Forms Of Elder Abuse Spotting Neglect And Abuse Of Older Loved Ones Protections And Remedies For Victims The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims of financial elder abuse is estimated to be at least $36.5 […]

ATTORNEY NEWSLETTER Caregiver Entrusted To Pay Victim’s Bills Unpaid Rent Leads To Eviction Caregiver Allegedly Stole Thousands While most financial elder abuse starts out relatively small, the amounts stolen grow over time as the predator gets away with his or her theft.  Left undetected, financial elder abuse can go on […]

ATTORNEY NEWSLETTER Accused Of Unauthorized Use Seniors’ Debit Card Withdrawals Recorded On Bank And Retailer Cameras Remedies For Seniors And Their Families Unauthorized use of seniors’ credit and debit cards is a common type of fraud perpetrated on seniors by dishonest caregivers or other strangers with access to an elderly […]

ATTORNEY NEWSLETTER Policies Carry High Expenses And Fees Withdrawal Penalties Lock You In Investment Risk Is Not Insured Against Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose […]

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 […]