Category: financial elder abuse

ATTORNEY NEWSLETTER Downsides Of Deferred Annuities Surrender Penalties Lock Policyholders In Other Contract Features Diminish Returns Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Whenever a life insurance agent […]

ATTORNEY NEWSLETTER Allegedly Accessed Elderly Victim’s PIN Funds Missing From Victim’s Bank Account Fraudulent ATM Withdrawals, Transfers And Purchases Alleged A recently reported case, discussed below, illustrates what can happen when a dishonest caregiver discovers an older person’s debit/ATM card PIN.  We often write about unauthorized debit and credit card […]

ATTORNEY NEWSLETTER Financial Elder Abuse Increasing Spotting Signs Of Financial Elder Abuse Remedies For Injured Seniors One California city is launching a special law enforcement task force to combat financial elder abuse within the community.  According to the city’s announcement, over 5 million Americans each year are victimized as a […]

ATTORNEY NEWSLETTER Unauthorized Withdrawals From Victim’s Accounts Caregiver Accused Of Abandoning Victim Protections And Remedies For Senior Victims A dishonest stranger posing as a caregiver can rapidly take advantage of an isolated senior once he or she enters a senior’s home and life.  No one should ever let a stranger […]

ATTORNEY NEWSLETTER Never Be Rushed Into A Sale Complicated, Illiquid Insurance Contracts Understand The Disadvantages Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency, and are illiquid (meaning it is costly to get your […]

ATTORNEY NEWSLETTER Investment Advisor Targeted Older Customers Several Lost Life Savings How To Avoid This Kind Of Fraud Dishonest financial advisors, life insurance agents, stock promoters and retirement planners prey on older investors, exploiting their fear of running out of money as they grow older.  False promises of high returns […]

ATTORNEY NEWSLETTER Theft From Seniors By Powers Of Attorney Annuity Benefits Allegedly Taken By POA Remedies For Victim’s Heirs Powers of attorney are incredibly powerful legal instruments. The scope of the appointed attorney-in-fact’s powers is set by law and, unless specifically limited, extends to almost every form of financial transaction. […]

ATTORNEY NEWSLETTER Caregiver Accused Of Fraud And Theft Suspect Has Prior Criminal History Family Detects Fraud After Loved One’s Death 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, […]

ATTORNEY NEWSLETTER Access To Senior’s Bank Card Fraudulent Purchases Occur Quickly Remedies For Injured Seniors Any wrongful taking of a senior’s property, or any assistance in that taking by a friend or spouse of the dishonest caregiver, is a crime and grounds for civil liability of the person doing the […]

ATTORNEY NEWSLETTER Allegedly Forced Elderly Man To Withdraw Cash Unauthorized Use Of Debit Card Alleged How To Protect Older Loved Ones Financial elder abuse of seniors ranges from secretive online money transfers to brazen theft or coercion of senior victims. While seniors can be victims of financial elder abuse from […]