Rely on Expert Elder Care Services
Our financial needs and lifestyle choices become increasingly complex as we mature.
Grant Bennett Associates understands how financial decisions affect your lifestyle
choices. Whether you are looking to manage your own affairs to maintain your financial
independence, or ensuring a loved one is being cared for and protected, Grant Bennett
Associates will provide you with the expertise, integrity, and assistance you need
to protect your lifestyle choices.
As your CPA elder care professionals, our goal is to give you and your loved ones
complete assurance. We begin by determining the community resources available to
address the elderly person’s needs; we apply direct elder care services such as
paying bills, managing property, or submitting insurance claims; we test service
providers to make sure they meet the elder's and/or family's agreed‑upon
criteria. In addition to these elder care services, Grant Bennett Associates is
familiar with healthcare terminology, the common physical or mental effects of aging,
and elder care legal issues.
We even go the extra mile to provide protective care such as visiting and reporting
on elderly clients on behalf of children in distant locations, arranging transportation
and housekeeping services, and ensuring family members that elderly members are
being cared for properly, and financial predators are not taking advantage of them.
- Helping You Realize
Your Lifestyle Goals
- Determining Where
and How You Will Live
- Monitoring and
Analyzing Your Day‑to‑Day Income and Expenses
- Providing You Retirement
Advice and Planning
- Overseeing and
Planning for Tax Issues
- Assisting in Estate
- Developing and
- Evaluating and
Monitoring Health Care Financing Options
Elder Care You Can Count On
Trust Grant Bennett Associates to provide you with professional elder care services.
We stand firmly behind our integrity, accountability, expertise, and confidentiality
so we can provide you and your loved ones with compassionate, timely, and trustworthy
care. Our years of experience in handling tax and financial matters make us a reliable
resource for those planning their financial futures and realizing the tax implications
of their lifestyle choices. Get the most out of your life. Get GBA's CPA elder
Managing Your Elder's Financial Information
Don't wait for a medical emergency to strike before facing the daunting challenges
of locating your loved one's important paperwork and financial obligations.
It's difficult for adult children to approach the subject of their elders'
financial management, but it's even more difficult when a parent or loved one
has already become incapacitated either mentally or physically. To avoid such difficulties,
experts recommend that caregivers learn where to find personal documents such as
income tax returns, life insurance policies, power of attorney, and living wills
and trusts. Caregivers should also be familiar with an elder's financial resources
and obligations that may include investments, annuities, pension plans, bank accounts,
and real estate. By becoming familiar with your elder's important paperwork
and financial obligations, you will save time and frustration and be available for
your loved one when he or she needs you most.
Organizing Your Elders' Financial Information
Minimize risks with the IRS over lost financial statements. As important as this
may be, gaining your elder’s trust to assist with his or her financial affairs can
be a challenge. But there are strategies to help you and your elder organize and
manage financial information without being intrusive. Follow the steps provided
below to help you become familiar with your elder’s financial affairs.
- Help your elder set up a simple filing system for his or her bills if one does not
already exist. This can be done by first labeling a set of manila folders from A
to Z. Place the manila folders in a large collapsible file. As bills are paid, ask
your elder to file statements in the appropriate folder; for example, electricity
bills can be filed in the "E" folder and telephone bills can be filed inside
the "T" folder. This simple filing system will make it much easier to match
statements with your elder's checkbook at the end of each year.
- Ask your elder to use the simple filing system outlined above for the filing of
canceled checks and monthly checking account statements. This will make tracking
direct deposits, income tax deductions, and charitable contributions easier.
- Help your elder make a list of all investments and sources of income. These may
include rental property, annuities, pension funds, stocks, bonds, etc. At the end
of each year, you and your elder will use this list to report financial information
on state and federal income tax forms. Keep this list updated at the end of each
year so you’ll know what to look for the following year.
If your elder refuses your efforts to help organize his or her financial affairs,
you may ask him or her to stash any important statements and documents into a large
envelope that can be mailed each January to his or her tax preparer. The CPA professional
can go through the statements for you and your elder. You may also ask to sit down
with your elder once a month to review his/her bills, just to become familiar with
the routine. You might say, "If you get sick, and I am already familiar with
your bills, I'll be able to help if the need arises".
The sooner a caregiver has a handle on the elder's financial affairs, the easier
it will be for that caregiver and other family members to carry out the elder's
wishes. Don't let feelings of invasion of privacy stop you from being prepared
to handle your elder's financial affairs.