Helping the Elderly Victimized by Predatory Practices
Typically, fraud occurs when a person or agency gains the trust of an elder or dependent adult who often has physical or mental limitations. His or her condition may restrict the ability to lead a normal life or to protect his or her rights adequately. The elderly are extremely susceptible to the mishandling of finances and unfair business practices.
When your elderly or disabled loved one is victimized, you need the type of representation that we provide at Stebner & Associates in San Francisco, California.
Suspicious financial activity must be dealt with immediately with the help of a seasoned elder law attorney. Contact us at 415.362.9800.
The Elderly Victimized by Fraud
After a financial planner, annuity agent, or even a friend or relative establishes trusted bond with the elderly or dependent adult, he or she may make false representations with regard to the senior citizen’s finances, retirement funds or other assets, including property. Because of this trusted relationship, the elder can easily fall victim to fraud, resulting in severe economic losses.
The Elderly Victimized by Mishandling of Finances
It is important to consider that various people can mishandle funds in multiple ways. The situation most often begins with a trusting, business-like relationship between an elderly person and a financial consultant, insurance agent, neighbor or even a family member. They gain the elder's trust, act on their own and cause serious financial loss.
The Elderly Victimized by Unfair Business Practices
The unlawful and deceptive tactics used toward the elderly in the sale of trusts and annuities are staggering. Many of these cases involve hundreds of persons being defrauded by the same, so-called “company” and may involve hundreds of thousands of dollars.
At Stebner & Associates, our job is to hold these supposedly trusted individuals accountable for their illegal actions.
For more information or to schedule an appointment with an experienced lawyer regarding predatory lending that involves reverse mortgages, please contact us.