Page 22 - Senior Times South Central Michigan - March 2017 - 24-03
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Page 22
Senior Times - March 2017
TRANSITIONING FINANCIAL MANAGEMENT
By: Sherii Sherban, Publisher, Senior Times
Evaluate All Spending
and Financial Responsibilities
If your loved one has lost track of documents, has failed to pay some bills, or does not know about certain income, investments, debts, or anything else related to their affairs, you’ll have to get a handle on the situation. Plan on this taking several hours and in some cases days or weeks, depending on how readily available information is.
Start by identifying sources of income, bank accounts, and investments. These may include Social Security benefits, pension funds, stocks, bonds, mutual funds, other investment accounts, retirement funds, rental income, savings accounts, checking accounts, and certificates of deposit.
Gather information about debts such as mortgage principal, credit card debt, car loans, insurances, as well as pre-planned funeral expenses and estimate your loved one’s monthly and annual expenses.
If, after gathering this information you discover that your loved one is in debt trouble or their expenses are greater than their income, you should take immediate
Accepting total or partial control of a loved one’s finances can be daunting. The best way to begin however is to carve out some time on your schedule and plan to dig in. I suggest a good two to four hours just to get a handle on what’s currently happening and to jointly decide whether you need to assist or completely handle this aspect of your loved one’s life. It doesn’t end there, but sets the stage for commitment levels needed going forward.
If possible, pinpoint exactly where the difficulties lie and then provide help only where necessary.
Here are some examples:
• Your loved one can handle paying monthly bills but can no longer make investment decisions. Provide help with investments only and allow the elder to manage everything else.
• Your loved one cannot write due
to arthritic fingers. Set up an online automatic payment system for bills and help the elder write checks and sign documents.
• Your loved one is challenged by spending habits. Give the elder a monthly allowance so they can do their own shopping and pay bills without losing their nest egg.
• Always be available as a sounding board or another point of view as well. Sound advice can make a big difference going forward.
NUMBER OF UNITS INDEPENDENT LIVING ASSISTED LIVING SKILLED NURSING ALZHEIMER / DEMENTIA RESPITE
ADULT DAYCARE PETS
RESIDENT PARKING TRANSPORTATION PRIVATE PAY NURSE ON DUTY REHAB
LONG TERM STAY SHORT TERM STAY MEDICATION DELIVERY LAUNDRY HOUSEKEEPING ACTIVITIES
100% MEALS
24 HOUR STAFFING LICENSED FACILITY SPECIFIC DIET PLANS
SENIOR HOUSING
GUIDE
BARNEYVILLE SENIOR APARTMENTS
••••
••• •••••••••••••••
01 420 S. Webster St, Homer, MI 49245 Teresa Ellis, 517-568-4393
24
82
46
120
12
95
20
20
65
68
113
61
111
30
BATTLE CREEK MANOR
02 675 Wagner Drive, Battle Creek, MI 49017 Josh Drumm, 269-969-6244
BICKFORD ASSISTED LIVING & MEMORY CARE
• ••
•• • •••••••••••••••
• •• • ••••••••
03 3432 Capital Ave SW, Battle Creek, MI Cheryl Harris, 269-979-9600
••••••••✚•••••••
CALHOUN COUNTY MEDICAL CARE FACILITY
04 1150 East Michigan Ave, Battle Creek, MI 49014 Donna Mahoney, 269-962-5458
COLONIAL MANOR ADULT FOSTER CARE HOME 05 164 Cherry St, Battle Creek, MI
Linda Bates, 269-968-2888
EVERGREEN SENIOR CARE & REHAB CENTER
••• •••• •••• ••• • •
• • ••• • ••
•••••••••••••• •• •••• •••••••• •• •••• ••••••••
•••••••••••••••
••••••••••••••• •• ••• ••• ••••••••••••
••••••••••••••• •• ••••••••••••
06 111 Evergreen Road, Battle Creek, MI Tasha Brutsche, 269-969-6110
GRAND VISTA ASSISTED LIVING COMMUNITY
07 99 Vista Drive, Coldwater, MI 49036 Dustin Burrett, 517-227-5225
GRAND VISTA ASSISTED LIVING COMMUNITY
08 208 Winston, Marshall, MI 49068 Dustin Burrett, 517-227-5225
HEARTLAND HEALTH CARE CENTER
09 200 East Roosevelt Ave, Battle Creek, MI 49037 Brittany Briegel, 269-965-3327
HERITAGE
10 14420 Helmer Road South, Battle Creek, MI Alyssa Jones, 269-969-4000
LAKEVIEW MEADOWS
•
11 890 Territorial Road, Battle Creek, MI Mandi Burrows, 269-968-0300
LAKEVIEW ASSISTED LIVING
12 14661 Helmer Road South, Battle Creek, MI Alyssa Jones, 269-969-8900
LAURELS OF BEDFORD
13 270 Bedford Road North, Battle Creek, MI Keli Banfield, 269-968-2296
LEGACY AT THE OAKS
14 706 North Avenue, Battle Creek, MI Wendy Wilkey, 269-964-4655


































































































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