When a person is no longer entirely independent or simply needs extra help to enjoy life, help can be needed in any of the following areas...
- Reviewing and paying household bills, budgeting, and record keeping.
- Assistance with check writing and checkbook balancing.
- Making sure money is received, receipted, and deposited.
- Offering second opinions regarding household issues and unexpected situations.
- Handling day-to-day financial transactions such as home repairs, routine maintenance, and emergency medical
expenses.
- Planning retirement account distributions and safeguards against improper
disbursements.
- Organizing and reviewing personal, financial, and legal documents to determine what needs to be
addressed.
- Preparing an inventory of personal assets and investments.
- Identifying and planning their retirement income, needs, and goals.
- Determining current and long-term cash flow needs by analyzing income and expenses.
- Addressing questions about lifestyle, Social Security, pensions, Medicare, and long-term
insurance.
- Monitoring investment portfolio and other assets in conjunction with their investment
advisor.
- Preparing, planning and filing income, trust, gift and estate tax.
- Providing referrals to local services and agencies.
- Arranging proper level of care, transportation, and caregiver assessment.
Most of the time trusted family members or friends are called upon to give this kind of assistance. For such assistance to be truly effective, the person helping needs legal authority to act on behalf of the adult in need of help. The legal documents which give this authority are a durable power of attorney and a health care power of attorney. We can assist with those documents.
