Strategies for Elder CareStrategies for Elder Care

Laurel M. Davila, CPALaurel M. Davila, CPA

www.laurelmdavilacpa.comwww.laurelmdavilacpa.com

(949) 476-1835(949) 476-1835

Elder Care ToolsElder Care Tools

Assisting with Living Trust ArrangementsAssisting with Living Trust Arrangements Identifying Elder Abuse Warning Signals Identifying Elder Abuse Warning Signals Preventing Elder Financial AbusePreventing Elder Financial Abuse Protecting Elders From AbuseProtecting Elders From Abuse

Living Trust ArrangementsLiving Trust Arrangements

Avoid Lengthy Probate & Expensive Court CostsAvoid Lengthy Probate & Expensive Court Costs Obtain & Update Living Trust & Pour Over Will Obtain & Update Living Trust & Pour Over Will Keep Asset Schedule Handy & Updated for ExecutorKeep Asset Schedule Handy & Updated for Executor Obtain Updated HIPPA Compliant Medical Power of Obtain Updated HIPPA Compliant Medical Power of

Attorney (Med POA)Attorney (Med POA) Give Updated Med POA to Doctors & Hospitals NOW!Give Updated Med POA to Doctors & Hospitals NOW! Obtain Financial Power of AttorneyObtain Financial Power of Attorney Avoid “Half-Baked Trust” by Properly Funding Living Trust Avoid “Half-Baked Trust” by Properly Funding Living Trust

www.eldercareadvisors.comwww.eldercareadvisors.com

Elder Abuse Warning SignalsElder Abuse Warning Signals

90% of Elder Care is Now Provided “In the Home”90% of Elder Care is Now Provided “In the Home” Caregiver is Related to Elder (Usually Elderly Spouse Caregiver is Related to Elder (Usually Elderly Spouse

and/or Elder’s Adult-Child)and/or Elder’s Adult-Child) Caregiver is “Burned Out” from 24/7 CaregivingCaregiver is “Burned Out” from 24/7 Caregiving Caregiver is Chemically DependentCaregiver is Chemically Dependent Caregiver is Financially Dependent on ElderCaregiver is Financially Dependent on Elder

www.geocities.com/~elderly-place/abuse8.htmlwww.geocities.com/~elderly-place/abuse8.html

Elder Financial AbuseElder Financial Abuse

HumiliationHumiliation Threats of Harm or AbandonmentThreats of Harm or Abandonment IsolationIsolation Non-CommunicationNon-Communication IntimidationIntimidation Undue Influence to Change Legal DocumentsUndue Influence to Change Legal Documents Misuse of PropertyMisuse of Property Theft or EmbezzlementTheft or Embezzlement www.ssa.ocgov.comwww.ssa.ocgov.com

PROTECT YOUR ELDERS PROTECT YOUR ELDERS Watch for EarlyWatch for Early Warning Signals of Elder Abuse e.g. “Turning the Warning Signals of Elder Abuse e.g. “Turning the

Tables” Tables” Relieve Stressful Relieve Stressful Elder CaregiverElder Caregiver “Burn Out”“Burn Out” Find Dependable Find Dependable “In-Home”“In-Home” RespiteRespite Elder Caregiver AgenciesElder Caregiver Agencies

covered by Health Insurance & Medicare NOW!covered by Health Insurance & Medicare NOW! Report Elder Abuse & NeglectReport Elder Abuse & Neglect to Adult Protective Services to Adult Protective Services Get Elder Counseling Get Elder Counseling from Licensed Therapist and/or Social Worker from Licensed Therapist and/or Social Worker Call District Attorney’s Office for HelpCall District Attorney’s Office for Help Let Go ofLet Go of “Old Family History”“Old Family History” – Use Tact, Diplomacy & Respect – Use Tact, Diplomacy & Respect DARE TO CAREDARE TO CARE – Educate Your Family & Prevent Elder Abuse – Educate Your Family & Prevent Elder Abuse

www.eldercareadvisors.comwww.eldercareadvisors.com www.ssa.ocgov.comwww.ssa.ocgov.com

Summary of Proactive Elder Summary of Proactive Elder Care Care

Assist Elders to Set Up a Living TrustAssist Elders to Set Up a Living Trust Identify Elder Abuse Warning Signals Identify Elder Abuse Warning Signals Prevent Financial AbusePrevent Financial Abuse Protect Elders – Educate the Family Protect Elders – Educate the Family Report Abuse & NeglectReport Abuse & Neglect