Jump to Navigation

Factors Elderly and Senior Investors Should Know

Seniors and elders who are looking to or currently are investing in products should be aware of a few concerns to make sure they make right investment choices:

– Investment products with withdrawal penalties, lacking liquidity, having long holding periods, benefits vest outside of the seniors’ life expectancy, or overly complex products
– Investment advice telling seniors to use their home equity to invest in securities
– Investing in high-risk investments by using retirement savings or early IRA withdrawals
– Taking on too much risk as a way of maximizing retirement income
– The older a senior or elder is, the more likely they have diminished capacity to make the right choices
– High risk of financial elder abuse from investment advisers to elders’ and seniors’ own children
– Signs of financial exploitation:
— Reluctance to discuss financial matters
— Unusual changes in account statements, investments, other finances
— Sudden changes in documents such as wills and trusts or a sudden change of power of attorney
— Increasing isolation
— Actually admitting to financial exploitation
— Lack of knowledge or concern about missing funds or changes in finances
— Unusual or first-time wire transfers
— Signs of insufficient care, even with enough money to afford good care
— Giving money to a caretaker under threat of eviction or being placed in a nursing home

Seniors and elders, if you or someone you know has encountered any of the above factors, they may be victims of financial elder abuse. Families and friends of seniors and elders, if you suspect any of the above is happening to a loved one, there may be financial elder abuse going on.

If you know or suspect anything, contact Evans Law Firm, Inc. at info@evanslaw.com or by calling 415-441-8669 for a free and confidential consultation. Evans Law Firm, Inc. handles financial elder abuse, physical elder abuse, insurance fraud, banking fraud, consumer fraud, and other financial fraud cases.

Free Evaluation Form
  • Bold labels are required.
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
  • This field is for validation purposes and should be left unchanged.
Mailing Addresses

San Francisco/Bay Area
3053 Fillmore Street #236
San Francisco,CA 94123

Phone: 415-441-8669
Toll Free: 888-50EVANS
Fax: 888-891-4906
San Francisco Law Office Map
google plus

Southern California / Los Angeles / San Diego Office
6701 Center Drive West
14th Floor

Los Angeles, CA 90045

Phone: 415-441-8669
Toll Free: 888-50EVANS
Fax: 888-891-4906
Map and Directions
google plus

Play Audio Interview SuperLawyers - Ingrid M. Evans
Avvo - Rate your Lawyer. Get Free Legal Advice.
facebook linkedin twitter