February 2016 Newsletter

Posted: March 15, 2016 8:41 pm

Used and Abused: 
The Many Faces of Financial Exploitation

Shay Jacobson, RN, MA, NMG, LNCC, CLNCP
Martha Kern

 

 
As Baby Boomers retire at a rate of 10,000 people per day and the proportion of seniors in the American populace grows at an incredible rate, there is concern that financial exploitation will increase, as well.

Financial exploiters, after all, seem to find seniors an incredibly appealing target.

Seniors often need help of some kind and, for a host of reasons, may be reluctant to ask family members to set aside their own obligations to assist them. The kindly neighbor or caregiver or cab driver, on the other hand, offers help and seems happy to give it. And give it they do, until they begin to take. Continue Reading
  
 

¬©Lifecare Innovations, Inc 

 


Forgetful and Forgotten:
When Hoarding and Dementia Collide

 

Shay Jacobson, RN, MA, NMG, LNCC, CNLCP

Martha Kern

   

 

“I let things slowly get away from me.”

This is what Mildred told us as she teetered atop a pile of garbage at the front door of her suburban townhome. 

Mildred, an 80-year-old woman, lived alone and had clearly experienced steady erosion in her cognitive status. She was unable to comprehend and respond to a series of overtures made by the village concerning the condition of her home. After Mildred failed to respond to several letters, a village employee paid a visit to the house. The employee attempted to discuss the violations with Mildred but it soon became apparent that she was unable to manage a clean-up that would, by necessity, be impressively large; she was in violation of countless ordinances. The village employee contacted the local Department on Aging who made a referral to LCG. Continue Reading  

¬©Lifecare Innovations, Inc 

THE ABLE ACT – One Year Later

Mike Walther, Oak Wealth Advisors 

   

Mike Walther is President and Managing Member of Oak Wealth Advisors in Deerfield. Mike is particularly experienced and well-informed in the realm of financial advice, and we thank him for his kind permission to offer this article to our readers.

A year after Congress authorized ABLE Accounts as tax-free savings accounts for individuals with special needs, the Internal Revenue Service has still not completed the regulations on how the accounts should be implemented and managed.  Although the final regulations have not been released, we have learned some details which suggest the new accounts may be easier to utilize than had been thought previously. Continue Reading

 

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