900 N. Kings Highway, Cherry Hill, New Jersey 08034
856.667.4100 ·
215.563.0276 ·
Fax: 856.667.3652
The Online Advisor - January 2000
Many accountants provide eldercare services
With an aging population, the need for eldercare services is rapidly growing. And while your own estate plan may be in order, and you don't need routine assistance, you may be responsible for a parent or other relative who does. Accountants are available to provide many traditional services for your older relatives. Some accountants also provide eldercare services that go beyond the traditional, in areas that you might not expect.
Among the traditional services, an accountant may be able to help your older relative pay bills, account for routine financial transactions, and monitor investments. Working with other professional advisors, an accountant may also be able to help your relative design and implement an estate plan, making sure that wills, trusts, and insurance policies are properly coordinated and suitable for your relative's needs.
If you are responsible for making health care or living arrangements for an elderly relative, especially over long distances, you may be interested in the additional eldercare services provided by some accountants. For example, an accountant may be able to monitor the quality of the living arrangements provided for your relative, and compare those arrangements to standards that you have established. Some accountants may even be able to help develop standards for your relative's care, recommend local care providers, and monitor the care as often as you request. If your relative is still living at home, an accountant may be able to arrange for in-home services, such as cooking, cleaning, and transportation, and make sure those services are provided in the manner you expect.
If you are taking care of an elderly relative, you probably draw on many different resources. Accountants can be one of the most valuable. If we can be of assistance to you in this area, please call us.