Category: Uncategorized

ATTORNEY NEWSLETTER The Fate of Long Term Care Insurance The Rise of LTC Insurance Decades ago, companies began thinking about how to cash in on a massive demographic shift in the U.S. The average population in the United States was increasing, pushed on by an unprecedented wave of aging Boomers […]

ATTORNEY NEWSLETTER Spotting and Reporting Elder Abuse Knowing the Signs of Abuse Many states, California included, have what are known as “mandatory reporter of elder abuse.” Certain people, generally doctors, police, social workers, and other who are likely to be involved in elders lives, are required to report to Adult […]

ATTORNEY NEWSLETTER Who Commits Elder Abuse?   The State of Financial Elder Abuse in California It’s not easy to find someone who doesn’t condemn elder abuse. From the Federal government and state legislatures, to banks and financial institutions, and down on to everyday folks, there’s no-one who countenances abuse, either […]

ATTORNEY NEWSLETTER The Role of Financial Advisors What to Look for in an Advisor The first step our Los Angeles financial elder abuse attorneys recommend is making a sharp distinction between an “advisor” and a “broker.” Imagine you were going to have someone help you select a car. You have […]

ATTORNEY NEWSLETTER Protections Seniors from Investment Fraud The Origin of Investment Fraud In this age of “Retirement Shortfalls” and rising costs of seniors living, the elderly often feel under increased pressure not to be a burden on their families, and to try to leave something behind when the pass on. […]

ATTORNEY NEWSLETTER Long Term Care Insurance As America’s population continues to age, one type of insurance that has begun to seem very desirable is long term care insurance. This is designed to help seniors hedge their bets against the rising and potentially savings-draining cost of living in a retirement community, […]

ATTORNEY NEWSLETTER Selling Annuities to Seniors The way that financial advisors feel about annuities can be summed up by the adage “annuities aren’t bought, they’re sold.” Annuities are often presented by brokers as being retirement lifesavers, and claim that they are essential to making up the shortfall from savings and […]

ATTORNEY NEWSLETTER Changing Guarantees in Variable Annuities The new Department of Labor rule that requires annuity brokers to act as fiduciaries has sent ripples throughout the industry. Although the rule doesn’t go into full effect until 2018, insurance companies are scrambling to find ways to adapt to (or circumvent) the […]

ATTORNEY NEWSLETTER Whole Life Insurance and Retirement As the Baby Boomer generation starts reaching retirement age, insurance and annuity brokers are gearing up their sales to seniors and the elderly. Ads, mailers, and aggressive sales practices have helped convince a large portion of the senior population that their savings aren’t […]

ATTORNEY NEWSLETTER Investment Fraud and SEC Investigations As financial advisors warn about the “retirement shortfall” that is facing many retirees, seniors are coming under increased pressure to buy financial products, leverage assets like their homes, and find other ways to make their money last. One of the riskiest choices seniors […]