Category: Los Angeles financial elder abuse

ATTORNEY NEWSLETTER Misuse Of Power Of Attorney Over Annuity Six Unauthorized Withdrawals Totaling $120,000 Two Years In Prison And Restitution Individuals with powers of attorney (POAs) for someone else have full legal authority over that person’s financial affairs, unless the instrument limits their power in some way.  The scope of […]

ATTORNEY NEWSLETTER Elder Abuse Comes In Different Forms Looking For Signs Of Neglect And Abuse Safeguarding Older Loved Ones From Abuse And Neglect Elder abuse can be physical, emotional, financial, and verbal; neglect and abandonment are also forms of elder abuse. The National Council on Aging says up to five million older […]

ATTORNEY NEWSLETTER Civil Penalties And Criminal Charges For Misuse Examples Of Power Of Attorney Misuse Enhanced Remedies For 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 […]

ATTORNEY NEWSLETTER $6 Million Stolen From Elderly Clients Money Spent By Financial Advisor For Personal Expenses Long Prison Sentence And Restitution Ordered Seniors are potentially financial elder abuse victims from many different directions: by in-home caregivers; insurance agents, trustees, conservators, second spouses, boyfriends or girlfriends, or financial advisors.  Predators may […]

ATTORNEY NEWSLETTER 81-Year-Old Victim Victim Entrusted Caregiver To Pay His Bills Authorities Allege Caregiver Stole Thousands The consequences of financial elder abuse on senior victims can be devastating.  Some elderly victims are driven to the brink of homelessness due to lack of funds to pay their rent.  There are instances […]

ATTORNEY NEWSLETTER Fixed Indexed Annuities From Nationwide Life and Annuity Insurance Company Nationwide’s New Heights© Fixed Indexed Annuities J.P. Morgan MOZAIC I and MOZAIC II Investment Strategies Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues various types of deferred annuities throughout the State of […]

ATTORNEY NEWSLETTER Numerous Unauthorized Online Transfers Over $300,000 Missing From Elderly Couple’s Accounts Accused Of Forgeries And Fraudulent Transfers While all seniors are potential victims of financial elder abuse, seniors under the care of in-home caregivers or other strangers in their homes are particularly vulnerable to financial elder abuse. This […]

ATTORNEY NEWSLETTER Getting Your Money Back Is Costly You Do Not Control How Your Money Is Invested Returns Diminished By Commissions, Fees And Caps Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  If you […]

ATTORNEY NEWSLETTER Accused Of Fraudulent Debit Card Use 1 ½ Years Of Fraud Alleged 76-Year-Old Victim Unauthorized use of credit and debit cards is a prevalent form of financial elder abuse of the elderly.  Dishonest caregivers and others who access a senior’s cards and PIN (or create a PIN through […]

ATTORNEY NEWSLETTER Victim’s Daughter Notified Police Of Suspicious Activity Change Of Address Of Bank Account To Caregiver’s Home Suspicious Withdrawals And Missing Statements Unauthorized debit and credit card charges are common forms of financial elder abuse.  Dishonest caregivers with access to checks and debit and credit cards are often the […]