Category: Uncategorized

ATTORNEY NEWSLETTER Understanding Indexed Annuities Insurance agents are seizing the volatile stock market and rising interest rates as selling points in pushing indexed annuities. Concern over market volatility is understandable but indexed annuities are not the answer.  The annuities lawyers at Evans Law Firm, Inc. recommend a very close look […]

ATTORNEY NEWSLETTER Financial Elder Abuse And Insurance Products Seventy percent of personal wealth in the U.S. is held by seniors, and the senior population is growing rapidly. Ten thousand Americans turn 65 years old every day, a pace that won’t slow down until around 2030. As one regulator put it, […]

ATTORNEY NEWSLETTER Financial Elder Abuse Comes From All Directions Financial elder abuse takes many forms and comes from many different directions. Thousands of seniors suffer injury at the hands of people they know; thousands more are victimized by strangers through phone and internet scams.  Elder victims lose their life savings, […]

ATTORNEY NEWSLETTER SEC Considers Allowing Arbitration Clauses in IPOs Investors Could Lose an Important Tool for Fighting Fraud The Securities and Exchange Commission (SEC) is considering a new regulation that would rob investors of an important tool for fighting against securities fraud. The regulation would allow corporations to include a […]

ATTORNEY NEWSLETTER SEC Charges Megachurch Pastor With Fraud Senior citizens are vulnerable to financial predators who are often the very persons seniors respect and trust the most. The Securities and Exchange Commission (SEC) recently charged a prominent national pastor and a financial planner with a fraudulent scheme targeting the elderly.[1]  […]

ATTORNEY NEWSLETTER Deferred Annuities in Trusts Always Check With Your Tax Advisor California seniors often create trusts for holding assets. Trusts provide ease of administration in the event of incapacity and avoid interruption by probate proceedings at death.  But a trust may not be an appropriate ownership vehicle for all […]

ATTORNEY NEWSLETTER Understanding Death Benefit Riders The Death Benefit Sales Pitch Chances are, if an agent has pitched you on an annuity, he or she promoted its “death benefit” as a selling point. According to the sales pitch, death benefits guarantee your heirs a return of your annuity premium (or […]

ATTORNEY NEWSLETTER False Claims Act Cases Against Healthcare Industry Government Announces Another Large Whistleblower Award Of the $3.7 billion in 2017 false claim settlements and judgments, $2.4 billion involved false claims from the healthcare industry. Typically, these false claims cases involved false claims for reimbursement, kickbacks, and other fraudulent schemes […]

ATTORNEY NEWSLETTER Long-Term Care Insurance Claims Long-Term Care Insurance has always been sold by agents to help you pay for care when, later in life, you are unable to take care of yourself. Insureds trusted the policies would cover the costs of assisted living care, skilled nursing facilities, and in-home […]

ATTORNEY NEWSLETTER Creating and Amending Trusts Many Californians, especially seniors, create trusts to hold their assets. The trusts may be fully revocable by the individual creating the trust (known as the “settlor”) or irrevocable during the settlor’s lifetime.  If revocable, the settlor can change or amend the trust provided he […]