Assembling a multi-disciplinary team of allied professionals to advise an elder on a consistent periodic basis can contribute significantly to the prevention of elder financial abuse. Key members of such a team could include the following.
Geriatric care manager
National Association of Professional Geriatric Care Managers (NAPGCM)
Life care planner
American Association of Nurse Life Care Planners (AANLCP)
Investment Advisor Search
SEC’S Investment Adviser Public Disclosure website
Government benefits specialist
Home accessibility specialist
Accessibility Professionals Association (APA)
American Institute of Certified Public Accountants (AICPA)
International Concierge and Lifestyle Management Association (ICLMA)
Bookkeeper or bill payer service
National Association of Certified Public Bookkeepers (NACPB)
American Association of Daily Money Managers
Academy of Professional Family Mediators (APFM)
While the compensation of all of these allied professionals can be costly, the end result of their team efforts could save the elder multiples of that cost if significant financial abuse and exploitation is forestalled.
Kristen M. Lewis, Esq., Member of the Special Needs Alliance and Fellow of the American College of Trust and Estate Counsel.