Category: San Francisco Financial Elder Abuse

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 […]

ATTORNEY NEWSLETTER 1500 Unauthorized Transactions Discovered By Authorities Caregiver Accessed Retirement, Checking And Savings Accounts Elderly Husband And Wife Suffer From Alzheimer’s Unscrupulous caregivers with access to a senior’s bank account information can, if undetected, execute unauthorized transfers and withdrawals and forge checks to drain those accounts for themselves.  Seniors […]

ATTORNEY NEWSLETTER Understanding The Disadvantages Of Universal Life Insurance Six Issues To Consider Always Get A Second Opinion Evans Law Firm, Inc. generally cautions against universal life insurance and deferred annuities for senior consumers because these insurance products are expensive, complicated, and tie up invested money for long periods of […]

ATTORNEY NEWSLETTER Prohibitions Against Sales Of Unsuitable Insurance Policies Unsuitable Sales To Seniors Is Financial Elder Abuse Red Flags In Sales Pitches Insurance agents who sell unsuitable insurance products, including indexed annuities, to seniors violate the California Insurance Code and Financial Industry Regulatory Authority (FINRA) regulations against the sale of […]

ATTORNEY NEWSLETTER Victim Suffered From Alzheimer’s $117,000 In Suspicious Transactions In Bank Account Audit Uncovers Misuse Of Power Of Attorney Financial Powers of Attorney (POAs) grant the agent acting under them broad powers over virtually all of a principal’s financial affairs and allow access to bank accounts.  See Cal. Prob. […]