Category: financial elder abuse

ATTORNEY NEWSLETTER Elder Abuse in California Our Attorneys Fight for Victims Every year in California, Adult Protective Services (APS) receives more than 196,000 reports of elder abuse. Since only 1 in 24 cases is ever reported according to estimates, elder abuse is a truly staggering problem in our State and […]

According to Consumer Reports, elderly Americans lose around $30 billion each year because of financial abuse. This abuse can take many different forms, whether it is caregivers taking money from seniors improperly, insurance agents and financial advisors who sell inappropriate or unsuitable insurance policies or other investments to seniors, unscrupulous […]

ATTORNEY NEWSLETTER Financial Elder Abuse Over this past weekend the U.S. Department of Justice (DOJ) announced the largest coordinated sweep of elder abuse fraudsters in history. More than 250 defendants around the world were identified as victimizing millions of American seniors. The cases filed against the wrongdoers include criminal, civil […]

ATTORNEY NEWSLETTER Prepare For Your Holiday Visits With Seniors Many of us will visit elderly relatives over the holidays. It may be a once a year trip to see parents or other elderly loved ones who live far away.  This is an important opportunity to check in.  Isolation is a […]

ATTORNEY NEWSLETTER Financial Elder Abuse Often Unreported A Growing Problem Recent studies indicate that 1 in 5 seniors will become victims of financial elder abuse. The numbers are up dramatically from past research results and estimates are that financial elder abuse costs its victims a total of $36 billion in […]

ATTORNEY NEWSLETTER Let Us Review Your AXA Equitable Universal or Whole Life Policy If you or a loved one is over age 60 and a California resident who surrendered an AXA Equitable Life Insurance Company universal or whole life insurance policy you may have paid a surrender penalty. California requires […]

ATTORNEY NEWSLETTER  A Closer Look At Variable Annuities Variable annuities are hybrid investments with securities and insurance features. Unlike fixed annuities, returns on variable annuities fluctuate with the market. The Financial Industry Regulatory Authority (FINRA) and Securities and Exchange Commission (SEC) both regulate sales of variable annuities.  The complexity and […]

ATTORNEY NEWSLETTER The High Cost of Surrender Charges If you are over age 60, live in California, and have fully or partially surrendered a deferred annuity, you may have paid a surrender charge also called a surrender penalty or withdrawal charge. California law has very specific rules about surrender charges […]

ATTORNEY NEWSLETTER Financial Exploitation of Elders: A Crime on the Rise Financial Elder Abuse The elderly population in America is steadily growing, as our baby boomers become senior citizens. In fact, about 10,000 individuals turn 65 every single day, which is making “elderly” a very steadily-increasing sector of our population. […]

ATTORNEY NEWSLETTER Surrender Charges on Whole and Universal Life Insurance If you are over age 60, live in California, and have surrendered a whole or universal life insurance policy, you may have paid a surrender penalty. California law has very specific rules about surrender penalties for seniors.  The insurance and […]