Brilliant Idea to Protect Elders’ Money with Home Care Workers

Please Share

Brilliant Idea to Protect Elders’ Money with Home Care Workers

By Carolyn L. Rosenblatt, R. N., Attorney at Law

Do you ever worry about caregivers doing shopping for elders with elders’ money? Worker access to cash or credit cards can be a problem. Theslideshow-06 risk of financial abuse, whether large or small, is always looming for those whose workers handle money. Stanton Lawson, owner of Senior Care Solutions of Petaluma, California, has come up with a brilliant idea to keep elders’ money safe. Read more, or listen to our interview with Stan…

Stan read about financial elder abuse and knew the potential was there for theft by his workers. As an agency owner, he wanted his clients to be protected. He creatively figured out that gift cards could be purchased to cover caregiver purchases, and that he could then monitor the expenditures on the computer, just as you do a credit card purchase. Here’s how it works.

Stan purchases the cards in the agency’s name, using his money. The information about how much is on the card is on an account record on the internet, for each card. He allows the caregiver to use the card. His office staff logs on to the account and checks the card purchases often to see if there are any improprieties. He creates an invoice for each client, and the amount spent on the gift card is added to the client invoice every two weeks.

According to Stan Lawson, it’s working beautifully. For the bank trust officers, lawyers, fiduciaries and managers who are responsible for the elder’s financial welfare, this system is a secure way to be sure the elder is not taken advantage by any worker or caregiver who handles money for their clients. He reports that the financial community is very satisfied with his method.

It’s a win-win for everyone. The client is protected, Stan Lawson and his agency can be proud of their awareness of financial elder abuse and proactive work, and everyone who is connected to watching out for the elder has greater peace of mind. Congratulations to Stan Lawson at Senior Care Solutions in Petaluma, California, for sharing his creative idea with us at Elders are safer because of you!

Please make sure to check out our podcast on this particular subject. Click Here


Last Updated ( Wednesday, 04 November 2009 15:41 )

Tiny URL for this post:

Please Share
JUST RELEASED “The Family Guide To Aging Parents”
Stack Of CashCheck out our latest website: click HERE to learn more
FREE Report: “One Critical Step You Must Take To Avoid Your Aging Parents Debts”
CLICK on the image Below
Testimonials by our readers
"Thank you for the article on the "grey area". It validated what I am currently going through with my Mother. It is so painful for me to go back and forth with her behavior. I just don't know what to do about the estranged sister who has exploited well over $50K of my mother's savings and my Mothers admitted " lack of "will power" to say no to her." Robert ________________________________ "I do want to thank you for the Webinar you offered. It helped me a great deal as I was facing the need to lead our family in finding a safe living situation for our mother. That information and the other information you offered as downloads gave me much needed guidance when I was feeling tremendous anxiety and uncertainty." Betty
FREE Report: 10 Warning Signs Your Aging Parent Needs Help With Money
Get Quick Tips – Newsletter FREE…. Just CLICK Below
  • Should You Hire A Care Manager for Your Aging Parents? March 23, 2018
    By Carolyn Rosenblatt, RN, Elder Law Attorney Many of us are probably unfamiliar with the concept of care managers. That may be because geriatric care management is not a clear-cut, licensed profession like nursing or social work. Further, they now…Read more ›
    Mikol Davis
  • Stubborn Aging Parents Who Want To Age In Place: What You Need To Consider March 20, 2018
    By Carolyn Rosenblatt, RN, Elder law attorney, consultant When asked, about 90% of elders will say that they don’t want to go to any kind of “home” as they get older. They want to stay in their own homes. Aging…Read more ›
    Mikol Davis
  • Smart Dietary Tips to Help Your Aging Parent with Dementia March 20, 2018
    Living with aging parents suffering from dementia can be a tough time for all members of the household. It’s something a lot of people are dealing with, as the World Health Organization estimates that over 50 million people in the…Read more ›
  • Ten Step Checklist For Smart Retirees March 16, 2018
    Ten Step Checklist For Smart Retirees Reaching retirement age is maturity, and a different responsibility for us and to our loved ones. Every person needs a checklist to ensure that their new status includes preparing their families with essential information…Read more ›
    Mikol Davis
FREE Report: Mental Wellness Technique For Stress Relief