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As our senior loved ones age, we may start seeing
physical and mental signs of decline. While some signs are not worrisome,
others may be more concerning: anxiety, depression, forgetfulness, and
mishandling money. These could indicate more serious issues and are risky
behaviors. So here are four things you can do to help your aging loved one
manage their finances.
Four Ways to Help Your Aging Loved One Manage Finances:
1. Stepping Up to Help With Daily Tasks
As they age, your loved one may
start having difficulty remembering important things such as taking
their medications and getting refills on time. If you notice your loved one is
no longer able to keep track of due dates for their bills or forgets to pick up
their mail and leaves letters unopened, it is time for a conversation. Ask them
if you can take charge of their finances in order to avoid overdraft fees,
missed due dates, and other potential problems.
If you live far away or if you cannot visit regularly, consider
hiring an Aging Life Care Manager® to check on your loved one, assess
their needs, and recommend on-going services. Share a calendar with their care
team to let them know about appointments, and make a readily-accessible list of
phone numbers that include doctors, pharmacies, banking institutions, and
emergency numbers.
2. Finding a Suitable Rental
Another consideration is your loved one’s living
arrangement. A popular option is finding a new, accessible, rental home or
apartment, which means less maintenance than owning a home. When scouting
rentals, look in neighborhoods with the amenities they need. View online
listings to find properties in their price range to locate the perfect place.
3. Getting Power of Attorney
Ask your senior loved one if they’re willing to grant you
power of attorney, which will allow you to make
medical and/or financial decisions for them when they’re no longer
able to do so. A power of attorney is a flexible document that lets your loved
one (the principal) specify what decisions can be made on their behalf by
another person (the agent). The principal can amend or make changes to that
document at any time, provided they are of sound mind.
Once you fill out the required forms and have them
notarized, print extra copies for your records and put them in a safe place.
Being legally prepared before your loved one becomes ill or incapacitated will
give both of you peace of mind – taking the guesswork out of what should happen
and knowing that your loved one’s wishes will be respected in the event
they’re no
longer able to clearly communicate.
4. Closing or Selling Your Loved One’s Business
When your loved one owns a business but can no longer manage
it, it is time to close or sell it. There are many steps involved in dissolving an LLC or
corporation, so consult with an accountant or attorney in order to avoid
penalties. You will have to gather all documents pertaining to the company such
as articles of
incorporation and operating agreement and be able to provide a
potential buyer with several years of tax returns, profit and loss statements,
and client/vendor contracts, etc.
Get a professional business valuation in order to properly
and objectively determine its value. A good business broker will help you come
up with a number by analyzing the company’s management, capital structure,
future earnings, and market value of its assets, and will facilitate and
streamline the selling process.
It can be a difficult conversation, but it is important.
Take time to discuss your loved one’s financial situation. Together, come up
with a plan that will keep them financially secure. You’ll have greater peace
of mind knowing that everything is in order.
5. Efficiency
Aging Life Care Managers streamline care processes, reducing
redundancies and ensuring efficient use of resources. They help avoid
unnecessary hospitalizations and inappropriate placements, which can save
significant costs. For example, an Aging Life Care Manager might identify that
a client’s frequent hospital visits are due to medication mismanagement and
work to set up a system where medications are properly administered at home,
thus reducing the need for hospital care (Yang).
What Distinguishes an Aging Life Care Manager from Other
Geriatric Care Managers?
Aging Life Care Professionals are distinguished by their membership in ALCA, which sets them apart through rigorous education, experience, and certification standards. Aging Life Care Professionals must meet stringent education and certification requirements, which include formal higher education in related fields such as gerontology, nursing, or social work, and professional certifications like Care Manager Certified (CMC), Certified Case Manager (CCM) . Additionally, they adhere to a strict Code of Ethics and Standards of Practice, ensuring a high level of professionalism and quality care.
When to Engage the Services of an Aging Life Care
Professional for Yourself or Your Loved One
Knowing when to engage the services of an Aging Life Care
Professional can be challenging. Here are some indicators that it might be time
to seek help:
Evaluating Aging Life Care Professionals for Yourself or
Your Loved One
When evaluating Aging Life Care Professionals, consider the
following:
Understanding Aging Life Care Management
Aging Life Care Management is not just about addressing
immediate health concerns but also about providing a holistic and proactive
approach to care. This includes planning for future needs, advocating for the
client within the healthcare system, and supporting the family through
emotional and logistical challenges.
“It’s about enhancing the overall quality of life for both
the older adult and their family.”
Advice for Planning for Healthy Aging
Planning for healthy aging involves being proactive about
your health, finances, and lifestyle choices. Here are some key pieces of
advice from ALCA:
Aging Life Care Management is an invaluable resource for
families navigating the complexities of elder care. These
professionals play a pivotal role in ensuring that older adults receive
comprehensive, compassionate care while supporting and relieving the burdens on
their families. By understanding and utilizing the services provided by these
professionals, families can enhance the quality of life for their loved ones
and themselves. For more detailed information and resources, the Aging Life Care Association website is
an excellent place to start.
Wheelchair ramps and other accessibility products are crucial for individuals who have suffered from a stroke or heart attack. These conditions can lead to physical limitations, such as difficulty with mobility, balance, and coordination, which can make everyday tasks and activities a challenge.A stroke or heart attack can impact a persons life in many ways, including the ability to enter and exit their home. The installation of a wheelchair ramp can provide a safer, more convenient means of access to and from the home, improving overall independence and quality of life.In addition to being useful for individuals who have suffered a stroke or heart attack, wheelchair ramps and other accessibility products can also be beneficial for those with other physical limitations, such as arthritis, multiple sclerosis, and spinal cord injuries.Here, we will discuss the importance of wheelchair ramps and accessibility products for those who have survived a stroke or heart attack, and how they can make a significant difference in improving overall independence and quality of life.The Benefits of Wheelchair Ramps for People with Stroke or Heart AttackImproved MobilityThe primary benefit of a wheelchair ramp is improved mobility and independence. A ramp allows individuals who use a wheelchair or walker to safely enter and exit their home, which can increase their independence and reduce the risk of falls and other accidents. Additionally, ramps can provide a convenient means of accessing public buildings, such as grocery stores, doctors offices, and other essential locations.ConvenienceWheelchair ramps are also convenient for individuals who experience mobility challenges as a result of a stroke or heart attack. Traditional steps can be difficult to navigate, especially for those who have limited mobility, balance, or coordination. A ramp eliminates the need to navigate stairs, reducing the risk of falls and other accidents. Additionally, ramps are typically wider than steps, making it easier for individuals to maneuver and move about regardless of whether or not they use a mobility aid.Increased SafetyOne of the most important benefits of wheelchair ramps for individuals who have suffered from a stroke or heart attack is increased safety. Steps can be slippery, especially in inclement weather, increasing the risk of falls and other accidents. A ramp provides a stable, slip-resistant surface that can be used in all weather conditions. Additionally, ramps typically have handrails, providing additional support and stability for individuals who need it.Cost-Effective SolutionWheelchair ramps can also be a cost-effective solution for individuals who have suffered from a stroke or heart attack. Traditional home modifications can be expensive and may not be covered by insurance. A ramp is a more affordable option and may be covered by Medicaid or other insurance programs. Additionally, ramps can be installed quickly and easily, reducing the disruption to the home and daily routines.The Importance of Accessibility ProductsIn addition to wheelchair ramps, there are many other accessibility products available that can make a significant difference in the lives of individuals who have suffered from a stroke or heart attack. These products can improve overall independence and quality of life, making it easier for individuals to perform everyday tasks and activities.Grab BarsGrab bars are a simple but effective accessibility product that can be installed in the bathroom, bedroom, and other areas of the home. They provide a secure and stable surface for individuals who need support when getting in and out of the shower or bath, when using the toilet, or when sitting and standing in various areas around the home. Grab bars are available in a variety of styles and finishes, making it easy to find a product that complements the dcor of the home.Stair LiftsStair lifts are a more advanced accessibility product that can be installed in homes with multiple levels. These devices allow individuals to safely navigate stairs, eliminating the need to climb steps. Stair lifts come in a variety of styles and designs, including straight and curved options, to accommodate different types of staircases. There are also options for both indoor and outdoor staircases.Transfer BenchesTransfer benches are another useful accessibility product for individuals who have suffered from a stroke or heart attack. These benches provide a safe and stable surface for individuals to transfer in and out of the shower or bath. Transfer benches have a slip-resistant seat and backrest, and can be adjusted to accommodate different heights.ElevatorsFor individuals who live in multi-level homes, elevators can be a convenient and cost-effective solution for improving accessibility. These devices can be installed in the home, providing individuals with a safe and secure means of accessing different levels of the home. Elevators can be customized to meet the specific needs of the individual and can be equipped with safety features, such as emergency stop buttons and intercoms.ConclusionWheelchair ramps and other accessibility products are essential for individuals who have suffered from a stroke or heart attack. These products can improve overall mobility, convenience, safety, and independence, making it easier for individuals to perform everyday tasks and activities. Whether you are looking to install a ramp, grab bars, stair lifts, transfer benches, or elevators, it is important to work with a reputable and experienced provider to ensure the best possible outcome. Amramp Accessibility is a leading provider of accessibility solutions and is dedicated to helping individuals with physical limitations live a more independent and fulfilling life. Contact us at 800-649-5215 to learn more.
Every day at Harmony at Diamond Ridge we serve families with loved ones who are diagnosed with dementia, Alzheimers disease, and other memory loss diseases. There is a lot of information about memory loss in seniors and the research process can be overwhelming. Dementia is not a specific disease but rather a general term for the impaired ability to remember, think, or make decisions that interfere with everyday activities. Alzheimer's disease is the most common type of dementia The exact cause of Alzheimer's disease is not fully understood, but it is believed to be a combination of genetic, environmental, and lifestyle factors. Some of the known risk factors for Alzheimer's disease include a family history of the disease, head injuries, and certain medical conditions such as high blood pressure, high cholesterol, and diabetes. The symptoms of Alzheimer's disease typically develop slowly over time and worsen as the disease progresses. Some Alzheimers indicators include: Memory loss, especially of recent events Difficulty with language and communication Impaired judgment and decision-making Difficulty with problem-solving and planning Mood changes, such as depression or irritability Personality changes, such as becoming more withdrawn or aggressive Loss of interest in activities or hobbies Difficulty with basic activities of daily living, such as dressing and grooming Research into the causes and treatments of Alzheimer's disease is ongoing, and there is hope that future developments may lead to a better understanding of the disease and new treatments that can improve the lives of those affected by it. Harmony Senior Services Signature Memory Care Program Harmony Reflections is built on elements that support a senior living with Alzheimers disease. The Reflections Program has 5-Key Components; Family Focused, Wellness, Reflections Program: Art and Music, Dining with Dignity, and Harmony Square. Each component engages the resident's present-day experiences while stimulating positive memories through therapeutic visual and tactile aids. We partner with each resident's family to create their individual life story profile - a process for collecting and sharing the resident's life history, preferences, routines, and habits. If you are researching solutions for a loved one living with dementia or you would like to learn more about Harmonys Signature Memory Care Program, call a Harmony community today to speak with one of our dedicated caregivers.
Ellen Latham, the visionary founder of Orangetheory Fitness, has a remarkable story of resilience and determination that continues to inspire fitness enthusiasts worldwide. In a recent interview, Latham opened up about her journey, revealing how she turned career setbacks into a multimillion-dollar fitness empire. Her success story highlights the power of perseverance, adaptability, and a strong belief in ones abilities.Lathams journey began when she faced a significant career challengeshe was unexpectedly let go from her job as a physiologist at a prestigious spa. This setback could have been devastating, but Latham chose to channel her energy into creating something new. Drawing on her expertise in fitness and physiology, she began hosting Pilates classes in her spare bedroom. This modest start would eventually blossom into the foundation of Orangetheory Fitness.The concept behind Orangetheory emerged from Lathams deep understanding of the science of exercise. She developed a heart rate-based interval training system designed to optimize calorie burn and boost overall fitness. The program combines cardiovascular and strength training exercises with heart rate monitoring to ensure participants stay within a target "orange zone," where their metabolism remains elevated even after their workout ends. This unique method has been key to the brand's success, appealing to fitness enthusiasts seeking measurable results.Despite the challenges of building a business, Latham's unwavering dedication kept her motivated. She partnered with fitness professionals and business experts to expand Orangetheory into a global franchise. Today, Orangetheory boasts over 1,500 studios worldwide and continues to grow rapidly. Latham's ability to innovate and respond to market trends has been instrumental in this expansion.In addition to her entrepreneurial achievements, Latham has been an advocate for empowering women in business and fitness. She frequently shares her insights on overcoming obstacles and finding success, encouraging others to pursue their passions fearlessly. Her story resonates with individuals from all walks of life, demonstrating that setbacks can be stepping stones to greater achievements.Lathams advice for those facing professional or personal hurdles emphasizes the importance of persistence and adaptability. She highlights the value of focusing on what you can control, building on your strengths, and embracing new opportunities. This mindset, combined with her innovative fitness model, has solidified her legacy in the health and wellness industry.Orangetheory Fitness has earned a loyal following due to its science-backed approach and welcoming community. Members appreciate the structured yet flexible workout format, which allows individuals of all fitness levels to participate. The brand's focus on results-driven exercise continues to attract thousands of new members each year, solidifying its reputation as a leader in the fitness industry.In summary, Ellen Lathams inspiring journey from professional setback to entrepreneurial success is a testament to the power of resilience and innovation. Her story encourages individuals to embrace challenges, focus on their strengths, and pursue their dreams with confidence. Orangetheory Fitness remains a powerful example of how dedication, creativity, and a passion for helping others can transform an idea into a global phenomenon.
Elder Maze Solutions offers a helping hand to families navigating the complexities of caring for aging loved ones. Our team of experienced professionals provides a comprehensive approach to elder care, ensuring your senior family members receive the care they need while maintaining their independence and dignity. Understanding the Challenges of Elder Care Caring for aging parents or grandparents can be a daunting task. As seniors face health issues, cognitive decline, or require assistance with daily living activities (ADLs), families are often left struggling to find the best course of action. Elder Maze Solutions recognizes these challenges and strives to alleviate the burden on families by providing expert guidance and support. Elder Maze Solutions: Services to Help You Navigate Elder Care Elder Maze Solutions offers a wide range of services designed to meet the specific needs of your loved one. Here's a closer look at some of their core offerings: Geriatric Care Assessments: A comprehensive evaluation by a qualified geriatric care manager (GCM) to assess your loved one's physical, cognitive, and functional abilities. This assessment helps identify areas where your senior might need assistance and forms the foundation for creating a personalized care plan. Care Coordination and Management: Elder Maze Solutions serves as a central point of contact for all your loved one's care needs. They work with doctors, specialists, therapists, and other healthcare providers to ensure a coordinated and seamless care experience. This reduces stress for families and ensures that your senior receives the right care at the right time. Dementia Care Management: Elder Maze Solutions specializes in providing compassionate and qualified care for seniors with dementia. Their GCMs have extensive experience in managing the unique challenges associated with dementia, such as memory loss, behavioral changes, and safety concerns. They can help families develop a care plan that promotes safety, dignity, and quality of life for their loved ones with dementia. Healthcare Power of Attorney: Elder Maze Solutions can assist you with navigating the legal aspects of healthcare decision-making for your loved one. They can help you understand the importance of a healthcare power of attorney and guide you through the process of appointing someone you trust to make medical decisions on your behalf if you are unable to do so. Long-Term Care Planning: Elder Maze Solutions can help you explore various long-term care options, including assisted living facilities, nursing homes, and in-home care. They can provide you with information on costs, quality of care, and resources to help you make informed decisions about your loved one's future care needs. Advocacy and Support: Elder Maze Solutions serves as your advocate, ensuring that your loved one's voice is heard and their rights are protected. They can help you navigate the complexities of the healthcare system, communicate effectively with medical professionals, and access available resources and benefits. The Elder Maze Solutions Difference Elder Maze Solutions goes beyond simply providing services. They are committed to building trusting relationships with families and their loved ones. Their GCMs take the time to understand your unique situation, concerns, and goals. They provide personalized care plans that are flexible and adaptable to your loved one's changing needs. Benefits:* Reduced stress and burden on families* Improved quality of life for seniors* Increased peace of mind for families* Cost savings through proactive care planning* Personalized care plans tailored to individual needsWith Elder Maze Solutions by your side, you can feel confident that your elderly family members are receiving the care they deserve while maintaining their independence and quality of life. Let us help you navigate the journey of elder care with peace of mind. Give us a call today!