We walk in a shiny, lovely luxury retirement community, it smells fresh and clean. It is well maintained, a joy to visit with good food, well-trained, friendly staff, heck, often there is underground parking and elevators that work, and even air conditioned in the summer. So what is the rub? Well, as we say in Texas, “I am fixin’ to tell you.”
The ‘whoops’ phase of life? Seems to be a lack of energy, focus, and ability to complete a task gracefully, open mail and throw away junk mail, old broken down pets who are loving, yet leave not-so-dainty evidence of their bodily functions about on the carpet. The pet excrement and urine pop off the floor screaming, “This household and master are out of control and fading fast!”
Okay, if that is not you or me, how can we help a family member, friend, or client in this “whoops” condition?
- Ask questions
- Take notes
- Seek professional counsel with experience in these matters, make up a plan of action and seek out the person with the Durable Power of Attorney, along with the Doctor of Record.
- Do the research
- Request back up documentation
- Verify checks sent and cashed and bank statements match up with checking account records, and review the titling of bank accounts via reading the statements from the banks. (Why? Golly, within families, it is common to have a Transfer on Death title on a checking account which transfers all the funds to one of the survivors and cuts out all other relatives regardless of the deceased plans or Will.)
Visit where they live and if it has gotten messy with mail, pet evidence, spoiled food, and broken furniture, expired food, fermenting food in the refrigerator … then it might be time for assisted living or a live-in companion or nurse. At the very least, a consultation with family and professionals.
John Checki is a Certified Public Accountant, CERTIFIED FINANCIAL PLANNER TM, Certified Retirement Counselor who has a passion for helping clients discover, pursue, and live their dreams. His firm specializes in simplifying retirement income planning. Securities are offered through Securities America Inc., member FINRA and SIPC.