Alzheimer Advisor Alzheimer AdvisorCoaching families and their financial advisors to learn the skills necessary to live fruitful lives
34 years ago I started my career in the financial services industry. I set up my first registered investment advisory firm in 1982 (Financial Action Plans,Inc.) and began doing financial planning for my clients.
This is the time every year that we decide what we are going to do differently in the coming year, how we are going to improve, what we are going to stop doing and what we are going to start. I’d to suggest some resolutions that would be very helpful to you and your elderly…
Recently I discovered the work of Amy Florian, a consultant who helps people understand and endure the process of grieving for the loss of a loved one. Her website, http://www.corgenius.com, has a great deal of valuable information to help families with the grieving process. Amy refers to the work of Elisabeth Kubler-Ross and her groundbreaking…
David Solie, in his book, How to Say It To Seniors, reminds us that the two most important things to our elder parents are maintaining control of their lives and preserving their legacy. Our parents want to know how they will be remembered by their children and grandchildren. It’s important that we help them do that. In…
You may have already started putting the information together for your taxes. But there’s something important you need to know. If you are providing substantial financial assistance to your parents, you should be aware that you may qualify for significant tax deductions! The key to Internal Revenue Service assistance in caring for an elderly relative…
Do your aging parents have life insurance policies or annuities? If so, the first thing you must do is find the annuity or life insurance policies themselves. Don’t fret. If you can’t find them, you can order replacement policies from the companies if you know the policy number and who the insured is. Once you…
Have you had a conversation with your parents regarding what they want to do if one of them needs extended care? Will they stay at home? Who will take care of them? I know it may be difficult to ask these difficult questions but the holidays may be good time to begin the conversation. You…
A Family Meeting is an excellent way to get the family together to discuss important issues, especially those that involve elderly parents. It is very useful to help Mom and Dad decide where they want to live, how to manage their future health care needs, their financial needs and their estate plan. The meeting should include…
Every time I speak before groups of baby boomers and their elderly parents, I remind them of the importance of getting all their critical information down on paper or in a computer file that can be accessed by the family if there is an emergency. What kind of information do you need close at hand?…
When one of your parents is very sick, you may not know what to do or expect. The time you spend with them by their bedside is very important. It is time that you will never forget. You may find it very difficult and very uncomfortable to be there but you will be glad you…
Some people refer to old age as the “winter” of one’s life. But that doesn’t mean our elderly parents’ lives have to be dark, cold and lonely. There’s so much we can do to keep the sparkle in their lives, but we must cover all the angles. There are a number of problems that adult…