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Category: financial elder abuse

Nov 20, 2021 - Annuities by |

San Francisco Financial Elder Abuse And Annuity Attorney: Annuity Fraud Against Seniors

ATTORNEY NEWSLETTER Unethical Agents And Aggressive Sales Tactics Deliberate Omissions Of Important Information False Promises And Misrepresentations Evans Law Firm, Inc. recommends against annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred annuities impose significant surrender penalties […]

Nov 16, 2021 - Annuities Fraud by |

Santa Clara County Financial Elder Abuse Attorney: Understanding The Problems Of Deferred Annuities For Seniors

ATTORNEY NEWSLETTER Questionable Sales Tactics Targeting Seniors Deferred Annuities Are Illiquid, Expensive And Poor Performing “Teaser” Interest Rates And Unsuitable Exchanges Deferred annuities contracts are expensive and complex insurance policies.  Deferred annuities are not investments in index funds despite labels like indexed annuities.  Evans Law Firm, Inc. recommends against annuities […]

Contra Costa County Financial Elder Abuse Attorneys: Powers Of Attorney And Financial Abuse Of The Elderly

ATTORNEY NEWSLETTER Using A Power Of Attorney To Steal Abusers Revoke Prior Powers Recourse For Victims And Their Families Powers of Attorney (POAs) can cover financial matters and also health and personal care matters and medical needs.  The California Probate Code provides standard forms for both types of POAs.  See […]

San Mateo County Annuities And Financial Elder Abuse Attorney: Disadvantages And Taxation Of Deferred Annuities

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 […]

San Francisco Financial Elder Abuse Attorney: Remedies And Relief In Financial Elder Abuse Cases

ATTORNEY NEWSLETTER Important Elder Protections Under The Law Provisional Remedies To Protect Seniors Attorneys’ Fees Awards Financial elder abuse is a crime and grounds for a civil lawsuit for damages under California law.  See Cal. Penal Code § 368 (crime of elder abuse) and Cal. Welf. & Inst. Code § […]

Contra Costa County Financial Elder Abuse Attorney: Financial Advisor Pleads Guilty To Stealing $600,000 From Senior Client

ATTORNEY NEWSLETTER Transfers Out Of 73-Year-Old Client’s Account Money Withdrawn For Personal Use Advisor Faces Up To 20 Years In Prison Access to a senior’s bank or investment account is an irresistible temptation for unscrupulous advisors and brokers.  Sometimes the advisor is a new acquaintance of the senior but sometimes […]

Marin County Financial Elder Abuse Attorneys: Arrest In An Alleged $12 Million Ponzi Scheme Against Older Investors

ATTORNEY NEWSLETTER Federal Grand Jury Returns 11-Count Indictment Elderly Investors Allegedly Gave Suspect $12 Million To Invest Money Allegedly Spent On Suspect’s Lavish Lifestyle Financial elder abuse by financial advisors, brokers, investment promoters and others ranges from one-off fraud against individual seniors to fraudulent schemes that target seniors as a […]

Marin County and California Financial Elder Abuse Attorney: How Financial Advisors And Brokers Steal From Elderly Clients

ATTORNEY NEWSLETTER Access To Funds And Unauthorized Trades And Transfers Dangers Of Delegating Account Control Recourse For Elder Victims And Families Whenever someone has access to your money there is a risk that your money may be taken.  The risk is especially high for seniors who may be too trusting […]

San Francisco Financial Elder Abuse Attorneys: Financial Advisor Admits Stealing $600,000 From Elderly Client

ATTORNEY NEWSLETTER Registered Broker Admits Stealing From 73-Year-Old Client Allegedly Convinced Client To Open Joint Account Unauthorized Withdrawals Over Two-Year Period Fraud against older investors by their financial advisors and brokers has become an all too frequent occurrence in recent years.  Unscrupulous advisors use an older client’s memory problems, loss […]

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