ATTORNEY NEWSLETTER Complete Authority Over Principal’s Finances And Property Potential For Abuse Remedies For Injured Principals The most dangerous estate planning document which an individual may have is a financial Power of Attorney (POA). See Cal. Prob. Code §§ 4401 (statutory form for financial POA). The POA allows another person – […]

ATTORNEY NEWSLETTER Allegedly Transferred $950,000 Of Client Money To Himself Forged Compliance Officer’s Signature Transfers Occurred Over Four-Year Period Senior investors are at risk of being sold unsuitable annuities or investments or churning or unauthorized trades in their brokerage accounts because dishonest advisors may prey on their lack of financial […]

ATTORNEY NEWSLETTER Cases Started Eight Years Ago Series Of Settlements Recovers Millions For Government Allegations Of Kickback System For Use Of Medial Device Every year in this country, individuals bring more enforcement efforts against companies defrauding the government than the government itself brings. Sometimes further government actions spring from cases […]

ATTORNEY NEWSLETTER Misuse Of Elderly Man’s Power Of Attorney Forensic Accounting Reveals Hundreds Of Thousands Missing Additional Allegations Of Credit Card Use And Obtaining Loans 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 […]

ATTORNEY NEWSLETTER Nationwide Life and Annuity Insurance Company Annuities Nationwide’s New Heights© Products J.P. Morgan MOZAIC I and MOZAIC II Investment Strategies Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues fixed indexed annuities in California under the trade names Nationwide New Heights©, Nationwide High […]

ATTORNEY NEWSLETTER Be Cautious About Retirement Planning Seminars Deferred Annuities Are Complex, Expensive Insurance Policies Surrender Charges On Withdrawals Marketing for deferred annuities is often directed toward those planning to leave the workplace in the near future.  Unions, trade groups, investment advisory firms, insurance agents and others may invite soon-to-be-retired […]

ATTORNEY NEWSLETTER Isolation And Economic Insecurity  History Of Discrimination Consumers lost more than $5.8 billion to financial elder abuse and fraud last year, up 70 percent from 2020, according to the Federal Trade Commission (FTC).  While anyone of any age can be victimized by financial abuse, some groups may be […]

ATTORNEY NEWSLETTER Two Sisters Sentenced For Theft Elderly Victim In Care Facility $272,000 Stolen According To California Attorney General Just like older persons under the care of in-home caregivers, elderly residents of care facilities are also at risk of financial elder abuse.  Such financial abuse may occur at the hands […]

ATTORNEY NEWSLETTER Generally Consent Required Rules For Installing Surveillance Cameras In Nursing Homes Using Cameras to Monitor Care As a general rule, California requires 2-party consent for audio and video recordings.  See Cal. Penal Code §§ 632(recording confidential communications without consent is invasion of privacy) and 637.2(penalties on persons recording […]

ATTORNEY NEWSLETTER Wills And Competence Issues Undue Influence Over Elderly Will Contests Financial exploitation of older persons stretches from theft of cash, jewelry and checks froma senior’s home all the way to elaborate estate planning schemes arranged near the end of a senior’s life meant to enrich one or two […]