Elder Abuse Attorney in San Diego, California

What types of financial elder abuse do you see in your practice?

San Diego personal injury attorney Joel R. Bryant talks about the types of financial elder abuse he sees in his practice.

More In This Category

View Transcript

00:04
the financial elder abuse happens in a
00:06
variety of fashions
00:08
um but it always involves someone
00:10
manipulating or flat out just stealing
00:12
assets
00:13
from an elder so what we’ve seen
00:16
is someone convincing the elder
00:19
manipulating
00:20
them to change the beneficiary
00:23
designations on their ira
00:25
or their retirement accounts we’ve seen
00:28
it where someone
00:29
presents a document to an elder and says
00:31
hey you need to sign this
00:33
so i can claim you as a dependent on my
00:36
income taxes
00:37
well it turns out that that was just a
00:39
quick claim deed
00:41
that has the legal effect of
00:43
transferring the elders
00:45
property their house from themselves
00:48
to this person and oftentimes a family
00:51
member
00:51
we’ve also seen it we’re someone who has
00:54
access to the elders finances for
00:57
example they’re on their bank accounts
00:59
or their power of attorney
01:01
for the elder or their successor trustee
01:04
of the elders
01:05
trust these people who have access to
01:08
the elders finances
01:10
steal the money steal their assets and
01:12
so those are some common types of
01:14
financial elder abuse that we see
01:17
in addition to the more commercial
01:18
defendants such as banks
01:21
financial advisors we’ve had numerous
01:24
cases where the banks and financial
01:26
advisors
01:27
take advantage of the elders by selling
01:30
them
01:31
improper unsuitable investments we’ve
01:34
seen it with life insurance
01:36
companies selling elders completely
01:38
improper and unsuitable
01:40
annuities and the common denominator for
01:42
the defendants is financial gain
01:44
why do they do that they are making a
01:46
lot of money
01:47
off an elder who trusted him and they
01:50
betrayed that trust for their financial
01:52
gain

More Videos From This Lawyer