Prune Juice on The Rocks: Who's Paying the Bills Now?

Saturday, May 1, 2010

Who's Paying the Bills Now?

Who's Paying the Bills Now?: "What do you do when a parent or loved one who has handled the family finances for years is suddenly not capable to continue? Here are some tips from a Certified Public Accountant on how to navigate the paperwork and get a handle on the finances quickly."

ELDER ABUSE WARNING SIGNS

1) Power of Attorney given or recent changes of will when the person is incapable of making such decision.
2) Placement in nursing home or residential care facility which is not commensurate with alleged size of estate.
3) Missing personal belongings such as art, silverware or jewelry.
4) Deliberate isolation of an older adult which results in the caregiver having total control.
5) Sudden changes in bank accounts or banking practice, including unexplained withdrawls of large sums of money by a person accompanying the elder.
6) Abrupt changes in Real Estate Deeds or other Financial Documents.
7) Sudden appearance of previously uninvolved relatives claiming their rights to an elder's affairs and possessions.