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Austin
Texas Elder Fraud Lawyer
Unfortunately
as people grow older they sometimes fall prey to vultures
that attempt to swoop in and steal money from them.
Austin Texas Investment & Elder Fraud Lawyer, Jason Coomer,
handles claims against those that have taken advantage of
senior citizens by handling
investment fraud lawsuits,
guardian fraud
lawsuits,
viatical lawsuits,
Will fraud lawsuits,
misuse of
power of attorney lawsuits, and other malfeasance
lawsuits. He also drafts powers of attorneys,
files applications for
guardianships, files
transfers of guardianships, and
drafts Wills. As a
Texas Probate, Inheritance, & Investment Fraud Lawyer, he
helps wards, heirs, and beneficiaries seek compensation from
guardians, executors, administrators, brokers and others that have
intentionally stolen from senior citizens or negligently lost money and other
property.
For questions about a Texas
Elder Fraud Lawsuit, Texas Investment Fraud Lawsuit, or a
Texas Inheritance or Probate Fraud Lawsuit,
feel free to e-mail
Austin Texas
Elder Fraud Lawyer and Texas Investment Fraud Attorney, Jason
S. Coomer or
use our
contact form.
Texas Annuity and Investment
Lawsuits
Brokers
have a duty under Texas law not to provide false information
on investments that they sell to people.
Unfortunately, many brokers take advantage of investors and
sell them investments that are not good for them, but make
the broker a large commission. One common type of
inappropriate investment is selling annuities to senior
citizens. Annuities are long-term investments
and typically used when a minor receives a large sum of
money. This investment allow a person to take
advantage of the interest that can be accrued over time when
they can invest a large sum of money that they otherwise
could not or would not want to spend for several years.
As such, the older you are the less likely an annuity is
right for you and it is very important that you understand
the surrender charges in case you need to get to your money
in an emergency.
Texas Viatical
Lawsuits
Viatical
Settlements are risky investments which are a common
investment scam used to take a person's money.
It is an all too common scenario, a person is approached by
a broker about a new investment that can pay big profits in
a matter of months. The investment not only helps the
investor, but the terminally ill person that desperately
needs money. The broker then talks about how dangerous
stocks, real estate, oil, commodities, and other investments
are as well as goes over bonds and the low interest rates
and rates of return that they pay. The broker then glosses
over the risky part of viatical settlements including what
happens if the "terminally ill" insured lives longer than
expected. Further, the broker often neglects to tell
the investor that the insured is "terminally ill" with a
once life threatening diagnosis. But then three, five,
or ten year later the viatical company starts sending out
bills for increasing amounts to keep the investment going.
The Texas Attorney General is currently
litigating against Life Partners Inc. concerning the
viatical investments that they have sold to investors.
In this lawsuit 2007 TXCA10 10-06-00182 - 111407; State v.
Life Partners, Inc. the Court has held that we do not
believe that Life Partners' interpretation of the contract
is reasonable. Life Partners uses two different terms,
"fees" and "costs," in the course of describing the
purchaser's financial obligations. The contract's plain
language expressly states that the "PURCHASER will not incur
costs of any type" and does not limit "costs" to fees for
Life Partners' services. See Karen Corp. v. Burlington N. &
Santa Fe Ry., 107 S.W.3d 118, 122 (Tex. App. - Fort Worth
2003, pet. denied) ("It is a basic rule of contract law that
when a court is called upon to interpret a contract, the
court will give plain meaning to the words used in the
writing"). This language may be given a certain and definite
legal meaning and is not ambiguous. See Barrios, 156 S.W.3d
at 549. The State's DTPA claim is actionable and the trial
court erred by granting Life Partner's second motion for
summary judgment.
Recently, the U.S. Securities & Exchange
Commission (SEC) has filed complaints against large viatical
settlement companies like Mutual Benefit Corporation and ABC
Viaticals, Inc. It is estimated by the SEC that over 29,000
investors were bilked out of $1 billion by Mutual Benefits
Corp. and about 4000 investors lost about $100 million from
ABC Viaticals, Inc.
For more information on Texas Viatical
Investment Lawsuits, please go to the following web page on
Texas Viatical Lawsuits.
Texas Guardian Fraud and Estate Mismanagement
Lawsuits
Guardians that mismanage an
estate of a Ward can have a breach of fiduciary duty lawsuit
filed against them to reclaim any money or other assets that
were mismanaged or stolen. Guardians that commit fraud
or negligently lose or destroy assets in an estate can be
held responsible under Texas law for wrongful acts.
For information on a Texas Guardian Fraud Lawyer that
handles Texas Guardian Fraud Lawsuits feel free to
send an e-mail or go to the following
Texas Guardian Fraud
Lawyer Page.
Texas Executor Fraud
Lawyer & Breach of Fiduciary Duty Lawsuits
Under
Texas law, an Executor of an estate has to take an oath to
fulfill the wishes of the decedent's Will. Failure to
properly complying with the Will and violating the oath of
the executor can result in a breach of fiduciary duty
lawsuit against the executor for failure to comply with the
decedent's wishes.
Executors
that commit fraud or negligently lose or destroy assets in
an estate can be held responsible under Texas law for
wrongful acts. If you are a beneficiary of a Will and
an executor has negligently lost or intentionally stolen
estate property, it is important to hire a
Texas Negligent
or Fraudulent Executor Lawyer that can help rightful
beneficiaries seek compensation for theft or negligence by
an executor.
Texas Inheritance Fraud
Lawyer & Lawsuits
Unfortunately,
there are people out there that will commit fraud and other
wrongful acts to steal inheritance from others. Some
of these people will forge and create fraudulent Wills,
destroy valid Wills, or just go to a recently deceased
person's house and start taking things. Whether
these people are family members, step relatives, or
opportunists, it is important to have Texas Inheritance
Fraud Lawyer that can help rightful heirs and beneficiaries
prove that inheritance fraud has occurred and seek
compensation for the theft.
Travis County Texas Investment Fraud Lawyer
As a Travis County Texas Investment Fraud
Lawyer, Jason Coomer handles Austin Texas Investment Fraud
Lawsuits and Travis County Investment Fraud Lawsuits including West Lake
Investment Fraud Lawsuits, Westlake Guardianship Fraud
Lawsuits, West Lake Misuse of a Power of Attorney Lawsuits,
and West Lake Elder Fraud Lawsuits, and Lago Vista
Inheritance Matters.
Austin Texas Elder Fraud Lawyer and Investment
Fraud Lawyer
As an Austin
Texas Investment Fraud Lawyer, Jason Coomer, handles Travis
County Investment Fraud
lawsuits, Travis County Probate Matters, Travis County Inheritance lawsuits, and
Travis County Guardianship Lawsuits as well as inheritance issues
and investment fraud lawsuits in Central Texas including
Travis County, Williamson County, Hays County, Blanco
County, Bexar County, and Comal County.
He also
works with other Texas Probate Fraud Lawyers on large estates,
investment fraud lawsuits, and
probate matters throughout Texas including Houston
Investment
Fraud Lawyers, Dallas Investment Fraud Lawyers,
El Paso Investment Fraud Lawyers, Laredo Inheritance
Fraud Lawyers, Fort Bend County Inheritance Fraud Lawyers,
San Antonio
Guardian Fraud Lawyers, Tyler Fraud Lawyers, and
many other Texas Elder Fraud, Investment Fraud, and Probate Fraud Lawyers.
Austin Travis County Elder Fraud and Investment Fraud Attorney Jason
Coomer handles Texas inheritance fraud lawsuits, investment fraud
lawsuits,
executor fraud, power of attorney fraud, and guardian fraud
lawsuits as well as drafts Wills,
assists in Estate Planning, and
handles Probate Matters. For questions on Texas
Elder Fraud Lawsuits, Estate
Planning, Wills, or Texas Probate matters, please e-mail Austin
Travis County Elder Fraud Lawyer and Inheritance Fraud Lawyer Jason
S. Coomer at
jason@texaslawyers.com or use our
contact form.
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