Tag: dementia

Outsource Your Parents’ Routine Financial Tasks

Paul

As our parents age, managing their financial affairs often becomes a shared responsibility. While you want to ensure their financial well-being, balancing this with your own responsibilities can be overwhelming. Outsourcing certain financial tasks to Professional Paperwork Services can provide peace of mind while maintaining your parents’ independence and financial security.

Why Consider Outsourcing Financial Tasks for Aging Parents

Managing an elderly parent’s finances requires time, expertise, and emotional energy. According to the Alzheimer’s Association, more than 10 million Americans aged 65 and older experience some form of cognitive decline, making financial oversight increasingly important for families.

Outsourcing specific financial tasks can:

  • Reduce your caregiving workload
  • Ensure bills are paid on time
  • Protect against financial scams
  • Provide professional expertise for complex matters
  • Allow you to focus on quality time with your parents

Financial Tasks You Can Outsource

  • Bill Payment and Account Management
  • Financial Monitoring and Fraud Protection
  • Budgeting and Cash Flow Management

Amy Goyer, AARP’s family and caregiving expert, notes: “These kinds of services are the things that can sometimes make the difference between someone being able to stay in their home or not.”

In Conclusion

Outsourcing your parents’ routine financial tasks can provide peace of mind while ensuring their financial affairs remain in order. By selecting tasks to delegate and maintaining appropriate oversight, you can reduce your caregiving workload while protecting your parents’ financial well-being.

Start the conversation now, with a call to Professional Paperwork Systems’ Founder, Nancy Sobin, MBA and Certified Daily Money Manager, at 609-608-0566. They will tailor services to your unique needs, providing personalized financial solutions that create peace of mind.

 

 

Holiday Visits with Elderly Parents

Paul

What You Should Look for When Visiting this Holiday Season

When families reunite during the holidays, it’s a perfect time to notice how our elderly loved ones are doing, especially if we don’t see them often. You may observe that your parent has changed in ways that are concerning.

Look for both behavioral and physical signs to notice.

Some examples of behavior changes include:
home upkeep changes, unpaid bills and piles of paper, and belongings being placed in unusual locations.

Physical changes to observe include such things as:
not following the conversation, changes in their walking ability, repeating questions or comments, and decline in personal care.

Any of these signs, or a combination of them, may indicate that your parent needs some help. We suggest you enjoy your time visiting with your parents, then follow up with a conversation after the holidays, when you can share your observations and offer recommendations on how their needs can be addressed.

Professional Paperwork Services can take care of your parents’ daily money management needs, by verifying and paying bills, organizing insurance and tax-related paperwork, and monitoring financial tasks.

We work with other professionals – financial advisors, accountants, and attorneys, as well as therapists and healthcare providers – to whom we can make referrals for guidance and follow-up on some of the changes you have observed.

Reach us at 609-608-0566 or email at info[at]paperwork-services.com

When Parents Need Their Adult Children to Step In

nsobin6

There often comes a time when adult children and their aging parents find themselves in a reversal of roles. The children assume control and make important decisions about the parents’ finances, medical care and other day-to-day needs. This sometimes happens following a traumatic experience for the family, such as a health emergency for the parent.

“Ideally people should approach things before you get to that crisis situation,” said Nancy Sobin, President of Professional Paperwork Solutions, a daily money management firm. Whenever it happens, she added, it’s important that the family will work together to handle issues as they arise.

That’s where Sobin’s company steps in. Their work includes paying bills, tracking cash flow for future bills, opening mail, organizing tax documents, reviewing medical insurance papers, working with creditors and more. And they always work with full transparency to the authorized family members.  more…