elder care

8 Tips to Prevent Theft and Fraud

{4:50 minutes to read}

Jeremy was so glad to be coming home after a two-month stay in a nursing home. He had suffered a stroke, but finally recovered to the point where his needs could be met with in-home care.

Edward, Jeremy’s brother, arranged for the care and services that Jeremy would need at home, including home health aides, visits by nurses and physical therapists, and delivery of groceries, medicines and personal care products. Debit cards were on hand to pay for delivery orders and cash to tip service providers.

 

Preparing For “The Talk” with Your Aging Loved Ones

 Preparing For “The Talk” with Your Aging Loved Ones By Rebecca Eddy{2:55 minutes to read} Recently, Laura called our office to learn about the different services we offer. As a result of our conversation, she could envision her parents benefiting from the support Eddy & Schein provides, but she wasn’t sure how to get them onboard with the idea. She had tried having “The Talk” with her parents about their finances, their health, their legal documents, and plans for where to live. Unfortunately, the conversation was not successful. Her parents got defensive and refused to continue the discussion.

“The Talk” between caring family members and seniors can be emotional and embarrassing, but is nonetheless critical. Sometimes, it is easier for seniors to discuss difficult topics with a professional who is not part of the family. In Laura’s case, Rebecca suggested that Laura see if her parents would be open to meeting with a financial organizer. After some consideration, the parents agreed to meet with Eddy & Schein staff.

Coming Home from Rehab: A Checklist for Success

Coming Home from Rehab: A Checklist for Success By Diane Lansing{4:45 minutes to read} When Robert had a stroke, and we were informed that he was in rehab, we suggested the family hire a geriatric care manager to help coordinate care in the facility, but the idea was not accepted.

Then, when it came time for Robert to go home from the rehab facility, we suggested that the family hire a geriatric care manager to coordinate the transition home. However, the family chose to handle everything themselves. The family took on much more than they had planned for as they worked to put in place the services that Robert would need, and addressed emergencies.

The family hired a home health aide agency to provide round-the-clock care for Robert. Durable Medical Equipment was ordered, but lack of communication from the vendor had the son frantic as to whether the hospital bed, wheelchair, walker and commode would arrive in time.

Small Estates Can Require Large Amounts of Work

Small Estates Can Require Large Amounts of Work{Time to read: 4 minutes} Emily died at the ripe old age of 98 with no assets other than $2,000 in her bank account and the minimal contents of her apartment. She was an award-winning novelist and a writer for The New Yorker. Emily lived a simple comfortable life right to the very end, but her long life used up her assets.

Consequently, the search began for how to avoid probating the estate. The way to do that, Gideon discovered, is through the Small Estate Administration, which in New York State’s case is run out of the Surrogate Court.

The Small Estate Administration (SEA) was enacted in order to enable heirs to obtain property of the deceased without probate, or with shortened probate proceedings, provided certain conditions exist:

  • If the estate belonged to a single person, it must be worth less than $30,000.
  • If the estate belonged to a couple, it must be worth less than $46,000.

Can’t Manage Your Day to day Financial Affair. Think About Hiring a Professional Daily Money Manager.

BH Wealth Management recently published an article, featuring Eddy & Schein, about hiring a Professional Daily Money Manager (PDMM). Co-founder Rebecca Eddy sat down with BH Wealth to discuss Eddy & Schein's offerings in the PDMM arena. The roles and usefulness of PDMMs are discussed in great detail. Below is an excerpt of the article. Click on the link below to read the full piece at BHWealth.com.
 

by  | Dec 5, 2014 | Interviews |

The Added Value of a Professional Daily Money Manager

 

Maintaining the Family Home and Treasures

Maintaining Peace, Restoring Dignity By Diane LansingThe upcoming festivities of the holiday season can be a good opportunity to spruce up the family home, furnishings and collectibles. But for many seniors, cleaning, clearing and repairing can be especially daunting:

  • The prospect of chaos, mess and plaster dust can be strong deterrents to people accustomed to calm and routine.
  • Seniors with diminished vision may not see the early signs of water damage, peeling paint, or fraying fabrics.
  • They may also not notice safety hazards, such as chipped or uneven floors, frayed electrical cords, rugs that are curling at the edge, or sagging bookshelves.
  • People with increasing mobility issues may no longer be able to bend or stoop to care for family treasures.

The Ugly Truth About Elder Financial Abuse & Fraud

Elder financial abuse and fraud is one of the largest growing changes in the care of seniors.

There are eight major sources of fraud: family members (including the result of sibling rivalry); unscrupulous businesses; caregivers; trusted professionals; transients; neighbors; “friends”; and what are called “sweetheart scammers."

“Sweetheart Scammers,” both domestic and foreign, ask seniors for money for a sick relative or an emotionally-compelling emergency that tugs at the heartstrings.

Enriching a Life by Restoring the Past to Build the Future

Enriching a Life by Restoring the Past to Build the FutureWhen illness and aging cause seniors to minimize their activities, finding creative solutions to help them enhance their lives is critical.

Case Study:

George is a man in his late 80s who led an independent life until he developed cancer, experienced severe macular degeneration, and a lifelong stutter got worse. He was very aware of not appearing the way he used to, and was extremely self-conscious.

At our initial assessment in George’s apartment, there were 2 lawyers, 2 bankers and us. It was quite a crowd, and it was obvious a working relationship was already in place.

While Rebecca spoke with George and the others to identify the specific needs for which Eddy & Schein had been invited to join the team, I went into the bathroom. There, I found little placards with funny French remarks. So, I came out and started speaking fluent French to George. The rest was history. There was virtually no one else in the room except the two of us -- communicating gracefully in another language.

From then on, my goal was to restore George to his previous life.

Caring for Seniors: Don’t Go It Alone

Caring for Seniors: Don’t Go It Alone By Eddy & Schein

Sometimes seniors or their families do not know enough about senior issues. This was the case for Lillian and her neighbor.

Lillian’s neighbor contacted us because she was very worried about Lillian’s situation in a nursing home. Lillian was confused and in deteriorating physical health and developing bad bedsores. The food and care was inadequate. Nursing home staff had impatiently pushed her toward her bed, she fell and broke her leg. The nursing home staff was also abusing Lillian financially - applying for Medicaid and petitioning for guardianship to gain control of her income and assets, as well as declaring themselves representative payees and redirecting her Social Security to themselves.

Eddy & Schein Expands to California!

Eddy & Schein is Expanding to California! By Rebecca Eddy and Gideon ScheinOur clientele is growing, and so are we! We are pleased to announce the addition of a Los Angeles office and the hiring of three new client managers:

  • JuliAnne DeChaine is Regional Director of our Los Angeles office.

  • Diane Lansing and Anastasia Saterson were hired in response to increasing demand for our services in New York.

JuliAnne, Diane and Anastasia bring with them a wealth of experience and expertise in all of the services we offer — organizing and managing personal, financial, legal and health insurance matters.

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