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 AgingParents.com. Elders are safer because of you!

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

©2009 AgingParents.com

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: AgingInvestor.com 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
Categories
Archives
  • The Looming Crisis: Aging Parents And Adult Children Still Living At Home February 17, 2017
    You may know of an older individual or couple who has a middle-aged adult child living with them in their home. We are not talking here about those who sensibly chose a multi-generation household for good reasons. And this is…Read more ›
    Mikol Davis
  • Putting The Fun In Aging February 4, 2017
    In this society, we don’t usually think of aging as a fun time, but there are plenty of seniors who see things differently. Yes, they may have their physical limitations that came on later in life. Yes, there are things…Read more ›
    Mikol Davis
  • 3 Things Everyone Should Know About Home Care Workers February 4, 2017
      It starts innocently enough. The watchful adult child, usually the daughter notes that her mother is having more trouble with walking and caring for herself. She thinks some help a few days a week would allow mom more independence.…Read more ›
    Mikol Davis
  • The Language Of The Healthcare System-Plain English Please February 3, 2017
    We probably all feel somewhat lost in a hospital or nursing home (aka “rehab facility”). Unless you’ve been educated in or have been a part of the healthcare system yourself, it is like a foreign land. When an aging parent…Read more ›
    Mikol Davis
FREE Report: Mental Wellness Technique For Stress Relief