Sadly, financial elder abuse is a spreading issue perpetrated against seniors throughout Los Angeles and the United States. The fact is, seniors are often unsophisticated and have money to invest — money they have accumulated over a lifetime of hard work. That makes them a target for insurance agents and financial advisors. Fortunately the California legislature “…recognizes that elders and dependent adults may be subjected to abuse, neglect, or abandonment and that this state has a responsibility to protect these persons. The Legislature further recognizes that a significant number of these persons are elderly. The Legislature desires to direct special attention to the needs and problems of elderly persons, recognizing that these persons constitute a significant and identifiable segment of the population and that they are more subject to risks of abuse, neglect, and abandonment.”
Neglect, Abandonment and Financial Abuse Issues
When individuals in the insurance and financial services industry sell products to persons over 65 such as life insurance or annuities in bad faith, that is elder financial abuse. If you believe you or someone close to you may have suffered elder financial abuse, it is important to realize that you may be entitled to damages, lawyer’s fees and in egregious cases, punitive damages. If you even suspect this may be the case, it is important to get in touch with counsel as soon as possible.
I am ready to put the litigation experience that I have acquired since 1975 to work to obtain all compensation and damages to which you are entitled. Because I have worked to prosecute against elder abuse and have worked as an insurance agent and compliance officer, I have a comprehensive understanding of the issues involved. As an elder financial abuse lawyer, I will efficiently and effectively determine if you have a case and do everything possible to advocate for you. I encourage you to get in touch.