The Care Company

empowered caregiving™

Topics

Putting Finances in Order!

Posted by Cindy Laverty

It’s challenging to locate papers when you are under duress or in crisis mode. So start rounding up the following documents now. You will need them to do a complete estate plan, handle medical situations, and settle final affairs. Be aware that these documents and papers may be disorganized and in several places. Begin your search, and organize as you go — before you think you will need them.

Essential Basic Documents: (Not everyone will have all of these.) Please note that The Care Company Store offers The Empowered Caregiver Manual to help you get and stay organized and develop a system that supports you in all of your caregiving duties. We’ve done the work for you! It is available inThe Store.

Alphabetically:

  • Adoption papers
  • Birth certificate
  • Certificate for cemetery plot or certificate of funeral pre-payment
  • Citizenship/naturalization papers
  • Credit card information and account numbers
  • Divorce papers
  • Income tax returns (most recent)
  • Marriage certificate
  • Military discharge papers (especially if you want a military burial)
  • Receipts for tax deductions
  • Passport or passport number
  • Power of Attorney for Assets
  • Power of Attorney for Medical – Advanced Health Care Directive
  • Safety deposit box number and key
  • Safe location and combination or key, plus a list of contents
  • Social Security card
  • Spouse’s death certificate
  • Trusts
  • Will (original document, addendums & spouse’s – this might be kept at the attorney’s office.

Assets

  • Annuities
  • Bond and stock certificates, 401-K plans, IRA’s
  • Claims – amounts due
  • Debts – owed or due
  • Checking account – bank, account numbers and location
  • Judgments
  • Keogh plans
  • Loans
  • Military retirement benefits
  • Mortgages – owned and payments due (include reverse mortgages)
  • Mutual funds
  • Pension plans
  • Profit-sharing plans
  • Promissory notes
  • Property owned – independently or co-partnerships
  • Royalties
  • Savings accounts

Household Inventory

  • Easements
  • List of loaned items
  • List of stored items – name of storage facility, contact info and key to lock or combination
  • Valuables – list all valuables (photograph and catalog if possible)

Insurance

You need the name of the company, the policy number and agent (if there is one)

  • Car insurance policy
  • Disability insurance policy
  • Homeowner’s policy
  • Health/accident insurance policy
  • Liability insurance policy
  • Life insurance policy (and beneficiary)
  • Long-term care insurance policy
  • Renter’s insurance policy
  • Umbrella policy
  • Valuables insurance policy (art, jewelry etc.)

Loans – Paid to what institution, for what, how long?

  • Automobile loans
  • Bank loans
  • Credit union loans
  • Finance company loans
  • Installment loans
  • Personal loans – (from whom, for what?)

Real Estate

  • Real estate deeds
  • Rents owed
  • Real estate mortgages owed
  • Vacation home or timeshare

Vehicles

  • Payment schedule (to whom, how long, own or lease)
  • Titles to vehicles
  • Service records

We realize that this is a lot of information, but you don’t need to gather it all at once. It is merely a guide to assist you in getting organized so that you will have an easier time when institutions, companies, medical facilities or government offices begin asking you for these items. It gives you an overall picture of what you will be dealing with as time goes on.

Remember, an organized caregiver is an Empowered Caregiver.


 

Legal Matters

Posted by Cindy Laverty

Because we at The Care Company are not attorneys and have no legal training, we won’t be delving into actual legal practices or offering any advice or counsel on legal matters here. Our purpose, rather, is to familiarize you with the lay of the legal landscape so that, should you wish to work with your loved one to plan for his estate, you’ll have an idea what’s involved and where to start. For actual legal advice, you should speak with an estate-planning attorney. So what’s involved?

In order to manage and care for another person’s legal, financial and medical matters, two essential documents must be in place: a Power of Attorney,which comes in several flavors, and a Medical Directive. It is amazing how many people fail to secure these critical documents, only to discover when they are met with a crisis that they have no control over anything. We don’t want to scare you, but truthfully, if you don’t have proper legal documents in place, no one is going to talk to you about much of anything regarding your loved one’s legal, financial or medical matters, nor is anyone going to honor your wishes regarding the person for whom you are caring. So please, take the comparatively small amount of time required to get your legal house in order. Do it while the person is still healthy. Put the documents in a safe and secure place with your other most important papers, and enjoy the comfort of knowing that when something does happen, you’ll be able to step in and get answers and solve problems without getting bogged down in a swamp of bureaucracy.

 

The Basics

Posted by Cindy Laverty

What are The Basics? They are the starting points, from the signs indicating that a senior requires additional care, to the areas of a senior's life that may be most affected and that family caregivers will want to make a priority. They are the topics for early and ongoing consideration and attention: recognizing the signs, health, home safety, role reversal, communication, stress and compassionate caregiving.


Recognizing the Signs

Most of us notice that something is amiss with an elderly loved one long before we do anything about it. But the time to pay attention and do something is when you first suspect that something is wrong. By being attentive and taking early and immediate action, you will get ahead of the game and have more time to take the necessary actions before a crisis occurs. Early action ensures that life during the care-giving period will be better for you and your elder loved one.

The need for care comes with signs, and chances are good that those signs, even if subtle, will be everywhere. The house may be dirtier or more cluttered, clothes may not get laundered or cleaned regularly, bills may not be paid. Watch for unfilled prescriptions for medications, multiple messages on the answering machine, broken or dilapidated appliances, rotten food – or no food – in the refrigerator, a lack of attention to personal hygiene, or a general unkemptness that seems to affect all areas of life. If the elder has a pet, it may hot have been attended to for a while, and if the elder is still driving, there might be dents or scrapes on the car. (See “Taking Away the Keys” for more on this subject.)

There may be other signs not listed here. The point is: be attentive for anything that seems different from the norm, out of place or a bit chaotic. Physical challenges, memory lapses, cognitive impairment and loss of vision are some reasons that seniors struggle to perform the routine activities of daily life. And most seniors will not ask for help.

Changes of this kind may be alarming for you, but try to see them as symptoms signaling that change is occurring. The changes can be quite subtle and may seem so minor as to be easily ignored. Others will occur incrementally, so you may not notice. Things may seem normal, but if your intuition tells you something is amiss, pay attention; that inner voice may have something valuable to say. Watch for patterns of change and remember that mental deterioration (dementia) is not a normal part of aging. Many of us believe that it is, but it’s not.  Pay attention to the signs, and when you notice them, take action.


Health Issues

Health issues are another real concern. Watch for weight loss or eight gain, changes in appetite, difficulty swallowing, daytime sleepiness, bruises, (a possible sign of falling), spilling and dropping things, muscle weakness, dehydration (a common problem for seniors), physical weakness and insomnia. Pay attention to cognitive functions. Is your loved one frequently forgetting things, getting lost while driving, losing reasoning skills, becoming short-tempered or easily frustrated, repeating stories, failing to finish sentences, wandering off in conversation, becoming unable to focus, forgetting to turn off appliances – all the while making excuses for these cognitive deficits? If any of this rings true for you, you need to see a doctor and have your loved one evaluated. Begin with the primary care physician. If a referral is necessary, the doctor will determine whom you need to see next.


Home Safety

This is also the time to take a walk through your loved one’s house, checking carefully and making notes about anything that seems to be out of place, missing or just not right. As you proceed and discover, avoid getting frustrated, and don’t point out to your loved one the things you have observed. Stay positive and understand that these changes are never intentional and are beyond the elderly person’s control. Pointing them out will only increase everyone’s stress while causing frustration, shame, defensiveness and sadness for your loved one. The reality is that most people don’t want to live this way, but they don’t know how to improve the situation. As you become a caregiver, this becomes your charge. These things have happened, so move forward without blame, shame or guilt, and take the necessary steps to begin rectifying the situation.

If you pay attention to the signs, you face the truth head on, and you follow the procedures given on The Care Company website, you will be better prepared when something more serious occurs. The signs of aging are your wake-up call to step in and take action.

If you have done your due diligence, then you have already made the house safe for your loved one. If not, please refer to the free “Elder-proof Your Home Scavenger Hunt” for the best ways to make the house less hazardous for your elder. A safe house is a place where the chance of falls and other accidents is minimized, which means less time in the hospital, where many seniors begin an irreversible decline. According to the statistics, one in every three seniors over the age of 65 will fall. Elder-proofing the house will give your senior a much better chance of remaining part of the two in three who don’t.

If you haven’t already discussed safety with your loved one, then you need to explain that you want to help avoid any future problems and that more than anything, you want your loved one to live independently. Remember, stay positive and take your time. Let your loved one know that you want her to be safe. Explain the reasons why you are concerned about safety. Be clear about the issue of falling, and know that falling is one of the biggest fears that the elderly worry about secretly. “What happens if…?” is often the question that is there but not spoken. Just because it hasn’t been brought up doesn’t mean it’s not a real concern.

Note: Making the house safe does not guarantee that a fall will not occur. Lack of balance is a serious physical issue for many seniors.