Care giving for someone with Alzheimer’s disease is one of the most difficult jobs in the world. In addition to making sure that your loved one’s daily needs are met, you must deal with the fact that your relationship with this person is no longer what it once was. Plus, you are trying to maintain some sort of life of your own. As a caregiver, you need to take into consideration how you are doing as well, and recognize the boundaries between what you can handle on your own and what things you need to get assistance for from others.
Taking on the responsibility of providing for a loved one with Alzheimer’s can often cause the caregiver to experience financial stress. It’s often inconsistent with holding any other job, and reducing household income can often produce financial strain. Despite that, many caregivers feel uncomfortable with the idea of charging a parent or other loved one for their work. Even those who entertain the idea may not have a handle on what’s fair.
Fortunately, these issues can often be addressed in a very positive way with proper legal planning. This is generally not the type of legal help for which the assistance of a “general practice” attorney would be appropriate. You need an elder law attorney – someone who focuses his or her professional practice in dealing with the specific types of legal issues that Alzheimer’s families face, such as Coulson Elder Law.
In the second part of the two-part series on victim risk factors for elder financial abuse (see part one here), we look at other circumstances such as depression and loneliness, social isolation and substance abuse that are risk factors for somebody becoming a victim of financial exploitation. As mentioned before, the presence of these factors doesn’t necessarily […]
There are certain victim risk factors such as advanced age, female gender, cognitive or physical impairments, and language and communication issues, that all lend themselves to leaving someone open for financial exploitation. This doesn’t necessarily mean that everyone who has these factors is going to be a victim, it does however mean that these are […]
We can be very successful through various planning means in protecting assets for a married couple through the well spouse, or the one who is not in the nursing home (known in Medicaid-speak as the community spouse). But, what if that spouse happens to be the one who dies first? Most married couples have what […]
A Geriatric Care Manager will most likely have a background in nursing, social work, gerontology, or even a combination of these and are experienced in dealing with problems facing elders, particularly those with Alzheimer’s. Because they tend to have a lot of contacts in the community, a Geriatric Care Manager is also a valuable resource of […]
The financial exploitation of elders is a devastating problem. The annual losses in the United States is estimated to range in the billions of dollars. There is, however, quite a bit of divergence in the studies because it is a seriously underreported problem. There are two basic types of financial exploitation of elders. The first is stranger […]