ATTORNEY NEWSLETTER The Downsides of Annuities Annuities Low interest rates are good if you’re young and need to borrow, but they’re not so good if you’re older, past your borrowing days, and looking for higher income in retirement. Some of us remember grandparents enjoying double-digit CD returns in the late […]

ATTORNEY NEWSLETTER Life Insurance Surrenders: The Tax Consequences Surrendering Life Insurance Whenever an insurance agent starts talking about surrendering or “changing” or “replacing” your life insurance policy, remember one important thing if nothing else: there will be tax consequences. We here at Evans Law Firm are not tax attorneys but […]

ATTORNEY NEWSLETTER Life Insurance and Financial Elder Abuse For years seniors have included life insurance as a part of their estate plan. Sometimes the policies are held outright and sometimes in trust for tax planning reasons. As policy owners age, insurance brokers encourage cashing in older policies and replacing them […]

ATTORNEY NEWSLETTER Fiduciary Rule Finally Takes Effect Putting You First After months of delay, the Department of Labor’s (DOL) long-debated “fiduciary rule” took effect last week. Although the final rule was somewhat watered down from early drafts, it nonetheless ushers in a new era when it comes to advising Americans […]

ATTORNEY NEWSLETTER Bank Broker Suspended and Fined for Mishandling Variable Annuity The Case Recently, a broker at a national bank was fined and suspended by the Financial Industry Regulatory Authority (FINRA) for a year and a half after alleged wrongdoing. The broker allegedly put his wife on his client’s variable […]

ATTORNEY NEWSLETTER Financial Elder Abuse Importance of Civil Recovery Actions Financial elder abuse is often criminal. Whether you’re a victim or a loved one, always report criminal financial elder abuse to law enforcement. But always pursue your civil remedies too. Criminal prosecutions are important but they are lengthy and not […]

ATTORNEY NEWSLETTER Financial Elder Abuse Door to Door Fraud May Be Knocking at the Door Financial elder abuse plagues seniors throughout this country, the State of California and right here in San Francisco. One growing version of financial elder abuse involves perpetrators who come door to door or call on […]

ATTORNEY NEWSLETTER Hidden Charges and Penalties in Annuities Are you someone who purchased an annuity while over the age of 60 in the State of California during the past year? Have you suffered from surrender charges due to that annuity? Many people have. And often senior purchasers of annuities are […]

ATTORNEY NEWSLETTER San Mateo County Attorney for Financial Elder Abuse Criminal Prosecutions and Civil Recovery Financial elder abuse is a growing problem throughout California and across the country. The numbers are shocking. Over 5 million seniors are the victims of financial elder abuse every year and 60% of these cases […]

ATTORNEY NEWSLETTER Financial Elder Abuse: Underrecognized and Underreported Financial Elder Abuse Financial elder abuse seems to be a crime that is only getting worse as the years fly by. Financial elder abuse costs the government some billions of dollars per year, and it can put an elder and a family […]