Category: San Francisco Financial Elder Abuse

ATTORNEY NEWSLETTER  Agents Target Seniors For Sales Of Deferred Annuities  Disadvantages For Seniors Beware Of Recommendations To Switch Contracts Insurance agents target seniors for sales of deferred annuities but these insurance products are especially complex.  Deferred annuities can run from 50 to over 100 pages long with endorsements (called riders) […]

ATTORNEY NEWSLETTER Caregiver Took Over Victim’s Checking Account Allegedly Stole $250,000 From Senior Bank Notified Police Of Suspicious Activity In Account Unscrupulous caregivers are capable of devising intricate schemes to take money from their elderly patients.  In one case, discussed below, a licensed social worker acted as a caregiver and […]

ATTORNEY NEWSLETTER Elderly Client In Assisted Care Facility Financial Advisor Pled Guilty To Financial Elder Abuse Victim Nearly Evicted For Unpaid Bills Financial Powers of Attorney (POAs) grant the agent acting under them broad powers over a principal’s financial affairs.  See Cal. Prob. Code §§ 4401 (financial POA).  The agent […]

ATTORNEY NEWSLETTER Withdrawals From 92-Year-Old Victim’s Account Forged Checks Totaling $137,000 Another Caregiver Helps Victim Discover Thefts Financial elder abuse of a senior may include unauthorized use of credit and debit cards and ATMs and forged checks.  Whenever a caregiver or other stranger is in a senior’s home these are […]

ATTORNEY NEWSLETTER Many Victims Were Elderly Customers Unauthorized Trades And Money Transfers Money Allegedly Spent On Gold Coins And Luxury Goods Financial advisors and brokers have access to customer accounts and unscrupulous advisors and brokers use that access to steal from clients, especially elderly clients who may not catch irregularities […]

ATTORNEY NEWSLETTER Isolated Seniors Vulnerable To Neglect And Abuse Financial Exploitation May Accompany Neglect Of Patient Recourse For Families And Injured Seniors Seniors and dependent persons under the care of in-home caregivers may be at risk of neglect and isolation and at the same time financial abuse by those caregivers […]

ATTORNEY NEWSLETTER Questionable Annuities Sales Tactics High Commissions Drive Sales Steep Withdrawal Penalties And Lengthy Surrender Periods Agents receive substantial commissions for the selling annuities to seniors. Often annuity sales are closed on incomplete information. The consumer may not understand how these complicated contracts work and for seniors this can […]

ATTORNEY NEWSLETTER Some Resolutions For The New Year Best Wishes For A Healthy And Safe New Year The attorneys at Evans Law Firm, Inc. wish everyone the best for 2023.  At Evans Law Firm, Inc. we fight for the rights of individuals, especially the elderly, against unfair or illegal treatment […]

ATTORNEY NEWSLETTER Questionable Tactics In Selling Indexed Universal Life Insurance Complicated Equations For Calculating Returns Fees Can Drain Policy Insurance companies and agents make billions of indexed universal life insurance (IUL) policy sales every year.  Often those policies are sold to persons over age 60.  Evans Law Firm, Inc. generally […]

ATTORNEY NEWSLETTER Business Manager Allegedly Wrote Resident’s Checks To Herself Appropriation Of Government Benefits False Adjustments In Residents’ Accounts Just like seniors under the care of unscrupulous caregivers in their own home, elderly residents of nursing homes are also at risk of financial elder abuse from financial predators within the […]