Mark Shalloway Defines What Financial Exploitation of Elders Is

(West Palm Beach, Florida) November 15, 2018

Mark Shalloway, owner of Shalloway and Shalloway, is pleased to announce the firm’s newsletter on financial exploitation of elders. While most people think of elder abuse as physical assault or neglect, there is much more that can cause serious harm to a senior. Out of the types of abuse that unfortunately befall too many vulnerable adults, financial exploitation is one of the most prevalent.

“Elders are financially exploited when an individual illegally takes, misuses, or conceals their funds, properties or assets.” The newsletter states. Shalloway’s piece outlines that the two of the most common forms of financial abuse include fraud by strangers, or exploitation by relatives and/or caregivers.

In this newsletter, Shalloway informs us that, while there is no clear-cut definition of financial abuse, there are many signs to look out for. From strangers, it could mean a sweepstakes winner scam, where the winner must pay a ridiculous fee before claiming their “prize,” or gold bar/diamond scam, where the scammer offers to purchase the elder’s “fake” jewelry at a large discount. From, a relative, it could mean signing/cashing pension checks without permission, or continually borrowing money and never repaying it. To learn more about what financial abuse is, and how to recognize it, read the newsletter.

This publication is one of many from the elder law firm, Shalloway and Shalloway. The staff are dedicated to not only protecting the rights of the elder community, but educating these elders and their family members so that they can better protect themselves and their assets. The firm’s free, monthly seminars are designed to take that teaching and put a face to the name.

The staff at Shalloway & Shalloway truly care about the people,” Brandon Bell of St. Louis, Missouri says. “That is the most important aspect of their work, I think.”

For more information on Shalloway and Shalloway, call (561) 686-6200, go to their website, or visit their offices.

1400 Centrepark Blvd, Suite #600, West Palm Beach, FL 33401