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Category: financial elder abuse

May 20, 2024 - Annuities by |

Marin Financial Elder Abuse And Annuity Attorney: Deferred Annuities Are Not For Seniors

ATTORNEY NEWSLETTER High Fees And Complex Rules Withdrawal Penalties Unfavorable Interest Crediting Formulas 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. The contracts are illiquid because during the so-called “surrender […]

Santa Clara County Financial Elder Abuse Attorney: Caregiver Fraud On The Elderly

ATTORNEY NEWSLETTER Falsified Timesheets And Excessive Payments Time Discrepancies Discovered By Family Protecting Seniors From Fraud California broadly defines what constitutes financial elder or dependent adult abuse: (a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following: (1) Takes, secretes, appropriates, obtains, […]

San Francisco Bay Area Financial Elder Abuse Attorney: Home Care Agency Fined $100,000 For Placing Unscreened Aides With Clients

ATTORNEY NEWSLETTER Allegedly Assigned Aides With Criminal Records Santa Clara County DA Brings Lawsuit Agency Accused Of Failing To Do Background Checks Seniors under the care of in-home health aides are at risk of financial elder abuse if the aide is dishonest and greedy, looking for any opportunity to exploit […]

Sonoma Financial Elder Abuse Attorney: Caregiver Fraud On The Elderly

ATTORNEY NEWSLETTER Largescale Theft Alleged Caregiver Accused Of Phony “Gifts” And Fraudulent Checks Remedies For Seniors And Their Families 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, much […]

Sonoma County Financial Elder Abuse Attorney: Caregiver Pleads Guilty To Stealing From Dependent Person

ATTORNEY NEWSLETTER Caregiver And Her Husband Arrested 71-Year-Old Victim With Cerebral Palsy Thousands Of Dollars In Unauthorized Purchases Unauthorized use of an elderly or dependent person’s debit and credit cards is a frequently recurring form of financial elder and dependent adult abuse.  Sometimes the cases involve actual use of the […]

Sonoma County Financial Elder Abuse Attorney: Caregiver Fraud On The Elderly

ATTORNEY NEWSLETTER Falsifying Caregiver Time Records 94-Year-Old Victim Protecting Older Loved Ones And Pursuing Remedies Falsification of time sheets by paid caregivers is one of the ways dishonest caregivers financially exploit older persons. Altering their paychecks to make them greater is another.  Using debit and credit cards repeatedly is yet […]

Alameda County Financial Elder Abuse Attorneys: Seniors Exploited By Financial Power Of Attorney Misuse

ATTORNEY NEWSLETTER Broad Authority Given to POAs/Agents How That Authority Is Abused Remedies For Injured Seniors 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), grant authority over medical decisions and […]

San Francisco Bay Area Financial Elder Abuse Attorney: Caregiver Arrested For Theft From Elderly Dementia Patient

ATTORNEY NEWSLETTER Caregiver Removed Elderly Woman From Assisted Care Facility Allegedly Added Her Name To Victim’s Accounts Victim’s Child Notified Authorities Of Account Changes According to FBI and National Institute of Justice statistics, as many as one in 10 seniors are victims of financial elder abuse.  Their financial predators are […]

San Francisco Bay Area Financial Elder Abuse Attorney: Arrests In Murder Of Senior/Financial Elder Abuse Case

ATTORNEY NEWSLETTER Three Charged In Murder-For-Hire Scheme 96-Year-Old Victim Predatory Reverse Mortgage On Victim’s Home California has the most expensive real estate in the country.  Many seniors live in homes whose value has increasingly enormously over the years at the same time that their income is stagnant.  Reverse mortgage lenders […]

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