Is this scenario familiar to you? Your aging client did not provide you with the documentation you needed to meet the April 15th deadline, so you filed an extension. Now, the October 15th deadline is approaching, and you still don’t have the information that you need. Filing taxes is a complex task for many, but for elderly clients, the process can be particularly daunting. Let’s look at some scenarios we’ve [...]
As we age, it can be increasingly challenging to stay organized, manage finances, and keep up with responsibilities. Often, this can be attributed to a combination of cognitive, physical, and lifestyle factors that evolve over time, making tasks that were once routine feel more burdensome. Cognitive decline can make it harder to remember due dates for bills, keep track of important documents, and navigate technology. Physical health issues, such as [...]
Decades ago, your parents purchased a long-term care (LTC) policy. They have invested tens of thousands of dollars – or more – to give them the peace of mind that when and if they need it, the policy will cover the cost of their care. The policy has sat, untouched, for all this time and now your parents are ailing, and they are not sure how their policy works. It’s [...]
In this highly digital age, technology has become an integral part of daily life, offering numerous benefits that can significantly help older adults successfully age in place by enhancing health, quality of life, and social interactions. However, many seniors often find themselves hesitant or uncomfortable with using modern technology. This discomfort can stem from a range of factors, including a lack of familiarity, confusion over technical jargon and complex interfaces, [...]
A standard practice when drafting estate documents is for an attorney to ask their client to name someone they can trust to make important decisions including those regarding financial, legal, and healthcare matters when they are unable to do so for themselves. Of course, choosing the appropriate person is critical. But what happens when the client has no immediate family members or close friends available or nearby? It gets complicated. [...]
Spring cleaning is a time-honored tradition that becomes even more important as we age. In fact, there are numerous aging-in-place benefits beyond just neatening up your living space. Let’s look at how applying some elbow grease now can help you maintain your independence. Safety Clutter and disorganization can create perilous situations for seniors. Cords and loose rugs can become tripping hazards. Items tucked away on high shelves can induce a [...]
You are seeing signs of decline. Maybe it’s a lack of sharpness remembering things. It could be unsteadiness on a flight of stairs. The alarms in your head tell you that you need to talk to your aging parent(s) about the realities of their future living and care situation before a crisis arises. It is rarely an easy conversation. But, to ensure that your parents can maintain their independence for [...]
For many seniors, the ability to remain in their home for as long as possible is a priority. For some, the set up and supports may already be in place, but for others the question becomes how do you achieve it? Determining the feasibility and longevity of that goal is a multi-step process. It requires older adults and family members to analyze the current and future potential living conditions to [...]
Everything we do at Life Managers & Associates is dedicated to helping seniors maintain their independence. Advance planning is the key. Over the past twelve years of supporting older adults, we have experienced it all. We started in 2012 managing the administrative and organizational needs of our clients to make it easier for seniors to tackle day-to-day activities – enabling independence. During this time, we have seen families that have [...]
The end of the year is a frenzy of activity for financial and legal professionals as you rush to assist clients with maximizing retirement contributions, minimizing tax bites, facilitating donations, reviewing estate plans and so much more. Completion of these tasks can become more challenging as your clients age. As professionals who work with seniors, whether you are an attorney, financial advisor, or you provide support in the home as [...]
