Finances Feed

Elder Abuse: How Seniors and Their Money Can Be Legally Hijacked

SusanHodgesGuardianshipBookJacketWhile we like to think that most seniors have family members or at least lifelong friends to help them through their last years, many don’t. The term elder orphan is often used to describe these older Americans. While many have planned for this time in their lives by hiring attorneys to oversee the legal issues surrounding their potential need for care, others may not have been so wise. These seniors could be a prime target for a guardianship company that can swoop in and—legally—take over their lives, including their finances.

Read the full article on professional guardianship companies on HealthCentral:

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Be Prepared and End-Of-Life Conversations Needn't Be Horrible

Family3Sex and death. It's odd that those two topics should bring so much anxiety to parents and children. But, there you have it. One – sex – is about the beginning of life. The other – death – is about the end. Both are a part of the lifecycle, but if anything, sex is easier for many to discuss than death. I've found in my experience that it isn't always the elders who shy away from end-of-life talks. Some do, of course, but many would like to discuss the arrangements they've made for finances, as well as their opinions about what measures they would want to be taken if they needed someone to make their decisions if they can't, however the adult children often find excuses to put off that particular "talk."

Read the full article on Agingcare about how end-of-life conversations need not be terrible experiences:

Support a caregiver or jump-start discussion in support groups with real stories - for bulk orders of Minding Our Elders e-mail Carol   Terrific Christmas gift!


Dementia: When Your Loved One Unfairly Accuses You of Stealing or Abuse

CaregiverStress2When a person succumbs to any form of dementia, it is hard on family and friends. It is difficult to see the diminished capacity of a loved one and the unbearable frustration it brings. However, one of the worst things we have to cope with is the fact that this person has a flawed memory, and this flawed memory can cause them to tell others terrible things about us, simply because their brain isn't working correctly. No matter how far-fetched their stories and accusations may be, to them, what they are saying is true.

Read the full article on Agingcare about how people living with some types of dementia can accuse caregivers of stealing or abusing when it isn't true:

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Conserving Estate Money No Excuse for Risking Elder's Health

Nursinghome3Dear Carol: My mom moved into the memory unit of an assisted living last year and she loves it. She’s very social so this environment is perfect for her. Now, my brother has suddenly decided that he wants Mom to come and stay with him for the winter since he lives in a warmer climate. He’s the man so he has the Power Of Attorney. Mom doesn’t want to leave her comfortable little apartment, but she’s said if he really wants her there for a time, she should do it. My fear is that the move could make her dementia worse. My brother says he just wants to spend more time with Mom, but he's never been that close so the only true motivation that I can see is that he knows how expensive AL is and he’s struggling financially. I think that he wants to save the estate money. I’m not trying to keep Mom in my town to be selfish. I just want her happy. How do I handle this? – SD

Read the full column on Inforum about the wisdom of moving someone with Alzheimer's:

Support a caregiver or jump start discussion in support groups with real stories - for bulk orders of Minding Our Elders e-mail Carol

Over 50 experts can guide your caregiving journey when you won this virtual summit. click the image to learn more:

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Relatives Who Care More About The Inheritance Than Elders' Care

Money2..Your siblings don't show up at the door to visit Mom. They don't offer to take Dad to doctor's appointments. Heck, they don't even know the doctors' names. They don't know the medications. They don't care about the elderly parent's temper tantrums you, the caregiver, must weather. They don't care that you are the target for verbal abuse from the Alzheimer's afflicted parent. And they really don't care that you haven't had a break from 24/7 responsibility, whether hands-on or helping with all the needs of an elder in assisted living or nursing home, for weeks, months or years. They voice huge concern for the elder, yet they aren't willing to get their hands dirty (figuratively or literally), or open their wallets to help.

Read the complete article on Agingcare about how siblings and others can try to save parents' money for themselves:

Support a caregiver or jump start discussion in support groups with real stories - for bulk orders of Minding Our Elders e-mail Carol

I'm honored to be among over 50 presenters in this summit who want to help make your caregiving journey easier. Click the image to learn more: 

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The Stages of Alzheimer's and the Caregiver's Role

AlzehimersWomanWhile Alzheimer’s disease will progress differently for each person, scientists and clinicians have attempted to stage the disease as a way that helps people living with Alzheimer’s and their families understand what is happening, as well as to plan for the future. Some divide AD into seven stages, some five stages, but currently, three stages is the format most often used. The Alzheimer’s Association uses three stages, so that is what we will use for our foundation here.

View slideshow on HealthCentral about the stages of Alzheimer's:

Support a caregiver or jump start discussion in support groups with real stories - for bulk orders of Minding Our Elders e-mail Carol

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Dementia Caregivers Grief Soul Deep, Defies Labeling

Depression7When a beloved elder dies, we may have varying reactions, frequently changing moment by moment. Naturally, there’s grief and the realization that we’ve seen the last of our loved one’s physical presence. Often, however, if the death follows a long illness or significant pain, we can also feel a sense of relief that their suffering is over and we can get on with healing. It’s often the in-between time - the caregiving years - that are the most difficult to label. Both of my parents endured long, slow declines with significant pain before their deaths. However, my dad’s decline was one that many caregivers of those with dementia will relate to.

Read full article on HealthCentral about dementia caregivers and their unique type of grief:

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“I hold onto your book as a life preserver and am reading it slowly on purpose...I don't want it to end.”  Craig William Dayton, Film Composer


Protection for Nursing Home Residents: Will New Rules Remain?

Nursinghome3New rules for the protection of nursing home residents have been implemented as part of the Affordable Care Act (ACA). Many of these rules provide answers to concerns that have troubled families with loved ones living in skilled nursing facilities (SNFs), generally called nursing homes. I emailed Medicare expert Ginalisa Monterroso for an update on these rules and what they mean for nursing home residents and their families.

Read full article on HealthCentral about rules to protect nursing home residents: 

Support a caregiver or jump start discussion in support groups with real stories - for bulk orders of Minding Our Elders e-mail Carol


7 Tips for Preserving an Elder's Vital Sense of Dignity

BicycleRiskFearing that their aging parents could be injured, caregivers can become nagging nannies who try to stop Dad from working in his beloved shop or Mom from gardening. But insisting that elders avoid all risks can compromise their dignity and joy. So how do you find the right balance of concern and trust?

View slideshow on HealthCentral about taking steps to preserve the sense of dignity all ages deserve:

Purchase Minding Our Elders: Caregivers Share Their Personal Stories – paperback or ebook

An amazing book of stories that will touch your heart and encourage you, especially if you are a caregiver. Carol  Bradley Bursack also has an excellent website devoted to the elderly and their caregivers. - Carol Heilman


Caregiver Tells of Harrowing Experience in Handling Parents' Finances

FinancesFinances can be a difficult topic to discuss in some settings, and talking with aging parents qualifies as one of those. But it’s essential that families discuss finances and how they will be handled when — not if, but when — one of them becomes incapacitated physically or mentally. Wise people appoint a trusted person as power of attorney (POA) before there is a health crisis. In the case of caregiver Marianne Sciucco, author of Blue Hydrangeas, an Alzheimer’s Love Story, the legal documents for her parents were signed in time — barely.

Read full article on HealthCentral about the importance of getting financial documents in line early:

Purchase Minding Our Elders: Caregivers Share Their Personal Stories – paperback or ebook

“I hold onto your book as a life preserver and am reading it slowly on purpose...I don't want it to end.”  Craig William Dayton, Film Composer