Part I - Anticipatory Grief: Experiencing grief before the loss has happened
Peace Of Mind Jbb V1
1. PEACE OF MIND
Russ Sweeney
Elder Care Family Advisory Services
21 Kessler Farm Drive #379
Nashua, NH 03063
603-205-5694
2. There may come a time…..
• When the child becomes the parent
• Additional responsibilities can be
challenging :
▫Your own family and job
responsibilities
▫Limited time
▫Distance and geography
▫Learning curve
▫Government agencies and Red Tape
3. Potential Problems
• Missed bill payments
• Termination of Services
• Loss of Benefits
• Victimization
4. Assessment and Planning
• Meet with all concerned parties to
assess needs
• Develop a customized plan together for
managing your loved one’s finances
• Begin agreed upon program
• Assist in identifying additional services
and/or professional needs
5. Routine Services
• Bill payment and mail screening
• Monthly bank reconciliation
• Record Organization and Reporting
• Medicare and Medicaid Counseling
• Seamless coordination with:
▫legal representatives
▫Federal, State & Local agencies
▫Healthcare professionals
6. Bill Payment: Two Approaches
• Authorized Payment
▫ Funds deposited to separate account
▫ Bills reviewed, checks prepared. Elder
Care Family Advisory Services
authorized to pay bills
• Payment requiring family member
signature
▫ Review bills and prepare checks
▫ Submit checks for your signature
7. Status Reporting
• Monthly summary of all bills paid
• Reconciliation of bank and other financial
statements
• Copies of all bills paid
• Alerts of any issues needing immediate
attention
8. Fraud Prevention
• Mail screening
• Monthly monitoring of bank statements,
charge cards and cash withdrawals
• Review of all bills for reasonableness
• Monitor for changes in expenditure
patterns
9. Medicare & Medicaid Counseling
• Review Medicare/Medicaid eligibility
requirements
• Prepare Medicaid application for nursing
home eligibility
10. Record Keeping & Tax Preparation
• Identify and monitor tax deferred
withdrawals and expenses to minimize tax
liability
• Organize all records to support the tax
returns
• Prepare State and Federal tax returns
11. Qualifications
• Practicing Corporate Accountant for over
20 years
• 17- years hands-on experience handling:
▫ Dementia, Stroke and other age-related
illnesses
▫ Financial Needs
▫ Elder Care Red Tape
• Fully bonded for your protection
12. PEACE OF MIND
Russ Sweeney
Elder Care Family Advisory Services
21 Kessler Farm Drive #379
Nashua, NH 03063
603-205-5694
