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Posts tagged "Elder Financial Abuse"

Elder Financial Abuse is a Bigger Problem than We Think

When most journalists, investment and insurance professionals, and attorneys estimate the financial damage our senior citizens suffer from elder financial abuse, they'll point to a familiar figure from MetLife: $2.9 billion in annual losses. That number, taken from MetLife's well-researched 2009 study, might still fall short of a full accounting, though. Reported cases, after all, will compose only a fraction of the massive fraud and exploitation perpetrated against the elderly.

CA End of Life Option Act Enables Predators

Last Wednesday in the California State Senate, Sens. Lois Wolk of Davis and Bill Monning of Santa Cruz introduced a new bill to make assisted suicide legal in California. Entitled the End of Life Option Act, the bill is designed to legalize assisted suicide in the state of California.

Watching Out for Bad-Faith Brokers

Your broker or financial advisor is someone you should be able to trust, especially if you're a senior citizen. Yet it's an unfortunate reality that financial elder abuse is perpetrated by those in positions of trust, and that's why vetting financial professionals is worth every penny.

Elder Abuse & Abuse of Authority

When someone hurts our senior citizens, such wrongdoing isn't just an individual matter - it's a flagrant challenge to our whole community. And just as members of families and neighborhoods should look out for each other, so we also trust public servants to protect the most vulnerable among us, especially from the crime of elder abuse.

Elder Abuse in the News: More Red Flags

Elder financial abuse cases go unnoticed far more often than they might ever reach the news, but the story of Geraldine Webber is proving an exception to that rule. Webber, who resided in Portsmouth, NH, and died at age 94 in late 2012, designated an unrelated police officer the main beneficiary of her $2.7 million estate.

Elder Financial Abuse: A Hidden Danger in Estate Cases

A common but often unrecognized danger to senior citizens and their well-being is the pernicious phenomenon of elder financial abuse. Here at Hackard Law, we've observed such wrongdoing over years of managing estate litigation. Depositions over a contested will or trust can suddenly reveal new details pointing to the exploitation of a senior for financial gain by one of the parties in the case.

Disappearing Money - An Elder Abuse Red Flag

When investigating cases of financial elder abuse and taking them to court, we know that money is the abuser's primary motivator. With that in mind, all that's left is to establish just how the abuser was able to misappropriate an elder's funds. And needless to say, when money goes missing, it's a strong clue that wrongdoing is afoot. 

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