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Strategies For Elder Care

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Information regarding Elder Care

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Strategies For Elder Care

  1. 1. Strategies for Elder Care Laurel M. Davila, CPA www.laurelmdavilacpa.com (949) 476-1835
  2. 2. Elder Care Tools <ul><li>Assisting with Living Trust Arrangements </li></ul><ul><li>Identifying Elder Abuse Warning Signals </li></ul><ul><li>Preventing Elder Financial Abuse </li></ul><ul><li>Protecting Elders From Abuse </li></ul>
  3. 3. Living Trust Arrangements <ul><li>Avoid Lengthy Probate & Expensive Court Costs </li></ul><ul><li>Obtain & Update Living Trust & Pour Over Will </li></ul><ul><li>Keep Asset Schedule Handy & Updated for Executor </li></ul><ul><li>Obtain Updated HIPPA Compliant Medical Power of Attorney (Med POA) </li></ul><ul><li>Give Updated Med POA to Doctors & Hospitals NOW! </li></ul><ul><li>Obtain Financial Power of Attorney </li></ul><ul><li>Avoid “Half-Baked Trust” by Properly Funding Living Trust </li></ul><ul><li>www.eldercareadvisors.com </li></ul>
  4. 4. Elder Abuse Warning Signals <ul><li>90% of Elder Care is Now Provided “In the Home” </li></ul><ul><li>Caregiver is Related to Elder (Usually Elderly Spouse and/or Elder’s Adult-Child) </li></ul><ul><li>Caregiver is “Burned Out” from 24/7 Caregiving </li></ul><ul><li>Caregiver is Chemically Dependent </li></ul><ul><li>Caregiver is Financially Dependent on Elder </li></ul><ul><li>www.geocities.com/~elderly-place/abuse8.html </li></ul>
  5. 5. Elder Financial Abuse <ul><li>Humiliation </li></ul><ul><li>Threats of Harm or Abandonment </li></ul><ul><li>Isolation </li></ul><ul><li>Non-Communication </li></ul><ul><li>Intimidation </li></ul><ul><li>Undue Influence to Change Legal Documents </li></ul><ul><li>Misuse of Property </li></ul><ul><li>Theft or Embezzlement </li></ul><ul><li>www.ssa.ocgov.com </li></ul>
  6. 6. PROTECT YOUR ELDERS <ul><li>Watch for Early Warning Signals of Elder Abuse e.g. “Turning the Tables” </li></ul><ul><li>Relieve Stressful Elder Caregiver “Burn Out” </li></ul><ul><li>Find Dependable “In-Home” Respite Elder Caregiver Agencies covered by Health Insurance & Medicare NOW! </li></ul><ul><li>Report Elder Abuse & Neglect to Adult Protective Services </li></ul><ul><li>Get Elder Counseling from Licensed Therapist and/or Social Worker </li></ul><ul><li>Call District Attorney’s Office for Help </li></ul><ul><li>Let Go of “Old Family History” – Use Tact, Diplomacy & Respect </li></ul><ul><li>DARE TO CARE – Educate Your Family & Prevent Elder Abuse </li></ul><ul><li>www.eldercareadvisors.com </li></ul><ul><li>www.ssa.ocgov.com </li></ul>
  7. 7. Summary of Proactive Elder Care <ul><li>Assist Elders to Set Up a Living Trust </li></ul><ul><li>Identify Elder Abuse Warning Signals </li></ul><ul><li>Prevent Financial Abuse </li></ul><ul><li>Protect Elders – Educate the Family </li></ul><ul><li>Report Abuse & Neglect </li></ul>

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