Financial Elder Abuse Often Unreported
A Growing Problem
Financial elder abuse is a growing problem throughout the country and San Mateo County is no exception. Justice Department reports indicate than 1 in 10 seniors in this country will be a victim of financial elder abuse and the number is very likely understated as much elder abuse goes unreported. Financial elder abuse attorneys at Evans Law Firm Inc. have experience representing victims of financial elder abuse against unscrupulous insurance agents and financial advisors, negligent annuity and life insurance companies, fraudulent caregivers and fiduciaries, greedy family members, and con artists. If you or someone you love is a victim of financial elder abuse in San Mateo County or elsewhere in California, call Evans Law Firm, Inc. today at 415-441-8669, and we may be able to help.
Isolation of a senior really sets the stage for financial abuse. The ideal target for financial elder abuse is an older woman living alone between the ages of 75 and 80. Studies show that 47% of all women over 75 live alone. This group is particularly susceptible to financial elder abuse. If you are a family member or loved one be sure to stay actively involved in the life of any senior living alone. Check in frequently. Review their bank accounts on a regular basis. Accompany them to any business meetings and discourage them from responding to any mail solicitations before consulting you. Do a background check on any caregivers they may need. Keep valuables and important papers in a secure place. Check credit card statements frequently and make sure they do not give their credit cards or ATM cards to anyone. Financial predators strike quickly and the safest way to protect your senior is to stay on top of all their affairs all the time.
Fortunately, California leads the nation in protecting seniors against financial elder abuse. California defines financial elder abuse broadly: any “taking” of a senior’s property (including money) for a “wrongful use” constitutes financial elder abuse. California law also affords enhanced remedies for victims, including extra damages, injunctive relief, and attorneys’ fees and costs. While we at Evans Law Firm always recommend you report financial elder abuse to law enforcement, those agencies may only secure restitution and will not represent you in getting all the additional relief California law allows.
If you or a loved one been the victim of financial elder abuse in San Mateo County or any California county, contact the Evans Law Firm financial elder abuse attorneys at (415) 441-8669, or by email at <a href=”mailto:email@example.com”>firstname.lastname@example.org</a>. Our attorneys have experience with annuities and life insurance and other complex financial contracts. We have experience representing clients against large insurance companies. We can help guide your case through FINRA arbitration, discovery, a jury trial 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.