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
Investment Advisor Search
http://www.investmentadvisorsearch.com/
SEC’S Investment Adviser Public Disclosure website
http://www.adviserinfo.sec.gov/
Government benefits specialist
Benefits.gov
Home accessibility specialist
Accessibility Professionals Association (APA)
http://www.accessibilityprofessionals.org/
Accountant
American Institute of Certified Public Accountants (AICPA)
Household manager
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
Elder mediator
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.
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