Financial Elder Abuse Within Families
Financial Elder Abuse Close to Home
Financial elder abuse plagues seniors throughout this country, the State of California and right here in San Francisco. In a recent case, an elderly couple gave their daughter Power of Attorney over their financial affairs. Within a short amount of time, the couple alleges she used the power to seize their brokerage account and put their house in her name. She now refuses to give the property back, according to her parents. It’s a very sad case but, as we have written here before, not isolated. If you or someone you know is the victim of financial elder abuse, call Evans Law Firm today at 415-441-8669. We only represent those in the state of California.
The Importance of Trust
Trust is the recurring theme in most cases of financial elder abuse. As old age robs seniors of independence, mobility, and cognition, they become easy prey. To outsiders, yes, but also often to family members. The allure of money can cast a spell over the closest of binds and the outcomes are often heartbreaking. Unfortunately, the abuse may go unreported for a time given the conflicting emotions always present when family members go against one another. But time doesn’t heal everything, particularly financial elder abuse. We at Evans Law Firm see this every day and advise you to act when you first suspect a problem.
And be particularly cautious in giving anyone a Power of Attorney. Know that in doing so you are enabling that individual to act fully as you do with your financial affairs, bank accounts, and even your home. We cannot stress enough that you should seek professional help in taking this step. Here’s where trust comes in again. Seek the advice of people you trust and try your best to be objective; just because someone is family does not mean you can trust them with your affairs. You can still love them; just don’t put all your power in their hands unless you know you can.
If you or a loved one been the victim of financial elder abuse in San Francisco County, or in any California county, contact the Evans Law Firm financial elder abuse attorneys at (415) 441-8669, or by email at firstname.lastname@example.org. Our attorneys have experience with all types of financial elder abuse, investment and securities fraud and annuity fraud. We can help guide your case through a jury trial, through a FINRA arbitration, or toward an equitable settlement. We handle cases involving physical and financial elder abuse, qui tam and whistleblower law, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.