Category: financial elder abuse

Fidelity Doubles Down on Deferred Annuities ATTORNEY NEWSLETTER Fidelity Investments is stepping up their inclusion of deferred annuities as part of retirement planning. Their move follows a record year for deferred income annuities, with sales at nearly $3 billion, up 22% from the previous year. As sales skyrocket, the only […]

ATTORNEY NEWSLETTER Medicare and Medicaid programs differ in the way that they pay for nursing home care. It is important for nursing home residents and their loved ones to understand the coverage they have under their particular program. Medicare coverage functions like a health insurance policy, with either the beneficiary […]

ATTORNEY NEWSLETTER Though long overdue, the field of Elder Justice just got a new playbook. Prepared from a survey of hundreds of stakeholders, funded by the Department of Justice and the Department of Health and Human Services, and compiled by top experts in the field, the Elder Justice Roadmap lays […]

ATTORNEY NEWSLETTER Statistics reflect that 1 in every 7 senior citizens will fall victim to elder abuse. Unfortunately, elder abuse attorneys note, that very often it’s a family member or close family friend that is the abuser. In fact many victims of elder abuse refuse to report it because of […]

ATTORNEY NEWSLETTER Seniors lose an estimated $36.5 billion annually nationwide to elder abuse, according to a recent report from San Francisco-based True Link Financial. In any given five-year period, 37 percent of the elderly population is affected by financial elder abuse. Financial elder abuse is widespread but among the most […]

ATTORNEY NEWSLETTER Although insurance agents and companies often pitch the benefits of deferred annuities, it is important for consumers, particularly elderly consumers, to be aware of the risks as well. First, consumers should be aware of some of the marketing and sales schemes used to sell annuities. If you have […]

ATTORNEY NEWSLETTER Thanks to new legislation recently signed by Governor Jerry Brown, insurance carriers in California will no longer be allowed to levy surrender charges against a policy’s death benefit. California elder abuse attorneys say that the law, which takes effect on January 1, 2016, will protect more senior citizens. […]

ATTORNEY NEWSLETTER A recent annuity fraud case in California illustrates the danger that annuities can pose to people’s finances, especially when it comes senior citizens. An insurance agent in Palm Desert was recently sentenced to more than nine years in prison and ordered to pay $3.4 million in restitution for […]

ATTORNEY NEWSLETTER Elder abuse is widespread in our society, but there is increased awareness of the issue and the forms of abuse, and resources to help. California elder abuse lawyers say that it can be difficult to recognize the signs of elder abuse. Abuse is often committed by family members, […]

ATTORNEY NEWSLETTER According to a Santa Rosa police sergeant, the Santa Rosa police recently arrested a self-employed counselor for elderly clients on suspicion of financial elder abuse. The suspect is accused of stealing $26,000 from an elderly client over four months. According to Santa Rosa Police Sgt. Lisa Banayat, the […]