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.
You may be comfortable that your have your estate plan in order. You have a will, a durable power of attorney, a living will and a health care proxy. But do you have a digital estate plan? In the past, we kept albums full of snapshots, vinyl records and shoeboxes full of correspondence. Now our…
After all of my years in the financial advisor industry and in dealing with elderly clients, I have come up with 9 critical steps to protect aging parents and/or clients. These steps are: 1. Policy Review: Review all life insurance policies, annuities and IRA accounts to verify primary and contingent beneficiaries. List account numbers and…
Financial scams involving our elderly parents are becoming an increasing problem throughout the U.S. Surprisingly, 90% of these financial crimes are committed by people who have personal access to your parents. They could include relatives, caregivers, healthcare workers and attorneys. Why is it that our parents have become such targets for financial abuse? Reason #1…
Recently I read an article in the Real Estate section of the New York Times written by Constance Rosenblum. She made a very good point that all adult children need to discuss with their elderly parents. What do our elderly parents believe is the future of their family home? For many of our parents, their…
I was suddenly thrown into the role of caregiver on November 21, 2005. This is the day that my wife Heather and I were stunned with the news that she had malignant pleural mesothelioma. Our lives changed from being the happy parents of a three month old daughter to a family thrown into chaos. Plans…
It’s a fairly universal assumption that at some point we’re going to have to think about how to look after our parents when they get to an age when they’re less independent than they want to be. When that time comes, we have to consider the options against the time we have available to give…
One third of the families in the United States provide long term care for a disabled or elderly family member. Two thirds of these caregivers are women. And half of them are working. These family caregiver are critical for the elderly to remain in their homes when disability strikes. More than two- thirds (68 percent)…
Nearly half of all seniors who need some form of long-term care, from help at home to institutional care, have dementia. That’s from the World Alzheimer Report which came out recently. The report further states that cognitive impairment is the strongest predictor of who will move into a care facility in the next two years.…
If you have a chance to review your parents’ assets, in many cases you will find that their home is their most valuable investment. Our parents often have no idea how to divide up their real estate. In many cases they will let their their children decide amongst themselves after they are gone. This is…
Guest post is written by Alana Vial Many of us direct our intentions to ensure that we enjoy a convenient stress-free healthy elderly life. But when do elderly people really lose their youth and begin to fall prey to the psychological and emotional burdens of the elderly stages of life? Factors That Make Elderly People Lose Their…