
Wednesday, March 17, 2010
Keys can Kill

Thursday, December 17, 2009
Is Mom losing it?

Detecting Financial Incapacity in Seniors
Recently the SEC, NASAA and FINRA published a report to help advise financial professionals in detecting signs of diminished capacity among older investors.
Some of the "red" flags they noted are
The Senior seems unable to process simple concepts
The Senior appears to have memory loss
The Senior appears to have difficulty speaking or communicating
The Senior appears to be unable to appreciate the consequences of decisions
The Senior makes decisions that are inconsistent with his or her current long-term goals or commitments
The Senior’s behavior is erratic
The Senior refuses to follow appropriate financial advice
The Senior appears to be confused about missing funds when reviews suggest there have been no unauthorized money movements at all.
The Senior is unaware of, or does not understand recently completed financial or legal transactions
The Senior appears to be disoriented with surroundings or social setting
The Senior appears uncharacteristically unkempt or forgetful.
The Senior appears frightened or nervous around family or friends who are helping with finances.
Reacting to these signs requires compassion and a complete understanding of the financial, social and physical environment surrounding the Senior. Seniors with no responsible family support should be referred to an appropriate government agency such as Adult Protective Service or the Office of Public Guardian. Seniors with responsible family support need for you to discuss your observations with the responsible family member and recommend steps to take in protecting the financial well-being of the Senior. Always carefully document your observations and retain that information to protect yourself and your practice.
Very often a Senior will turn a trusted person, in an attempt to preserve their financial independence and personal dignity. You must be able to observe compassionately but with wisdom and always try to do what is right for the Senior. In many cases it is best to involve the professional services of a Daily Money Manager - like those provided by The Caregiver Foundation of America.
For more information on protecting the financial lives of Seniors contact
The Caregiver
Foundation of America - a 501(c)3 charitable organization helping you help those you love.
Helping you help those you love
Saturday, January 3, 2009
Who are Caregivers?

Do you help with rides to the doctor, shopping, meals, bill paying, bathing, grooming, dressing, walking or transferring to a wheelchair, housekeeping, managing medications, or arranging services to be provided by others? If you provide services like these, whether or not you live with the person you are helping, you are a caregiver.
Whatever your role in caregiving, you are among the thousands of dedicated and concerned individuals who carry our loved ones forward in their lives and help them maintain as much quality of life as possible. And it is not an easy job.
This blog is presented by The Caregiver Foundation a non-profit organization that supports Caergivers with educational resources, counseling, bill paying services, home restoration services and support groups.
I am encouraging you to submit your questions, stories, comments - anything that you need help with or have that you think would help other caregivers. And pass this blog along to everyone you know involved with caregiving!
Thanks for caring,
Gary