Page 23 - Senior Times South Central Michigan - March 2017 - 24-03
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action to get the situation under control. It may take several phone calls.
Be aware that many agencies will rightly not share information with you without a financial power of attorney. It may be time to start the paperwork if it has not already been completed.
With a financial power of attorney, your loved one gives you legal authority to act on their behalf. Usually the document gives the designated “agent” or “attorney-in-fact” broad powers to handle the elder’s financial affairs. A power of attorney can also limit the agent’s authority to only certain actions, such as paying monthly bills, preparing annual
tax returns, or making investment decisions.
Professional help may be needed, especially if this in not your area of expertise. Your
local Area Agency on Aging may be able to assist you. Other professionals to consider include accountants, financial advisors,
tools, and more.
As with any tool there is a good and bad
way to utilize it. You may serve the decision making process well by consulting with an elder law attorney.
Starting a joint bank account often comes up since you may be signing checks going forward. This makes you joint owner of
the funds – both you and your loved one can withdraw and deposit money and write checks. It allows the elder to maintain some independence and control, and allows you to keep an eye on things, pay bills, and handle some (but not all) financial affairs.
However, before you set up joint accounts, carefully consider the possible downsides: • The new account holder has access
to all of the funds in the account.
If cousin George is the joint account holder, there’s nothing stopping him from withdrawing all of the money and using it to remodel his house.
• Creditors with money judgments against the new joint account holder can take the money in the account to satisfy the judgment.
Your loved one can add you as an authorized signer to a checking or savings account instead, without making you a joint owner. This means you can write checks
and withdraw and deposit funds. However, because you are not an owner of the account, all transactions must be made on behalf of the elder. The bank doesn’t monitor this, but if cousin George absconds with the money,
you at least have a legal claim against him.
In addition, this means that his creditors cannot get at the money in the account.
You can ease the bill-paying burden by helping your loved one set up electronic automatic payments or withdrawals for monthly bills.
Most utility and telephone companies have automatic payment systems. This eliminates the need for the elder to write checks each month. However, you or your loved one should still review the bills to ensure they are accurate. Keep a list of all scheduled payments.
The elder can also designate you as their representative payee for Social Security benefits. A representative payee receives
the Social Security benefit checks and is responsible for using the funds on behalf
of the elder. Representative payees must periodically complete and file a form with the Social Security Administration (SSA) demonstrating how funds were used. To learn more about being a representative payee, visit the SSA’s website at www.ssa.gov.
Protect Against Financial Scams
You and your loved one should become familiar with the many scams targeting the elderly. Look for warning signs that your older loved one has been the victim of elder financial abuse, and help them take measures to protect themselves in the future.
Senior Times - March 2017
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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
MAGNUM HEALTH & REHAB OF HASTING
••• •••••••••••••••• •••••
•• ••••••••••••••
15 240 E. North St, Hastings, MI 49058 Neily Stolicker, 269-945-9564
106
72
MAPLE LAWN MEDICAL CARE FACILITY
17 50 Sanderson Lane, Coldwater, MI 49036 114
Sue Failing, 517-279-9587
MAPLEWOOD OF MARSHALL
18 200 Westbrook Court, Marshall, MI 55
Karin Gallagher, 269-781-4997
MEDILODGE OF MARSHALL
19 879 E. Michigan Avenue, Marshall, MI 104
Cassandra Lucas, 269-781-4251
NORTHPOINTE WOODS ASSISTED LIVING
20 700 North Avenue, Battle Creek, MI 50
Melissa Ferguson, 269-964-7625
NORTHPOINTE WOODS INDEPENDENT LIVING •
21 700 North Avenue, Battle Creek, MI 100
Melissa Ferguson, 269-964-7625
OAKS AT NORTHPOINTE WOODS
22 706 North Avenue, Battle Creek, MI 77
Susan O'Dell, 269-964-4655
PENNFIELD PREMIER LIVING
23 632 North Avenue, Battle Creek, MI 49017 30
Renee Kelly, 269-964-8292
REFLECTIONS MEMORY CARE
24 14316 Helmer Road South, Battle Creek, MI 40
Alyssa Jones, 269-969-2500
SPRINGVIEWTOWER •
25 231 Springview Drive, Battle Creek, MI 49037 175
MAPLE GROVE APARTMENTS
16 1041 Maple St, Albion, MI Balinda Cavazos, 517-629-2026
•
•
• •
••• •••
•
••••••••••••• • ••••••••••••••• •••• ••✚••••• •••• ••✚••• • •• •••••••••••• ••• •••••••••••
•
••
•
••• ••••••••••••••
Stephanie Blockton, 269-968-9105
 
• • • ••••••
••••••
VILLAGE OF MILL CREEK
26 300 Carl Ave, Battle Creek, MI 49037 Jennifer Bouchard, 269-962-0605
45
69
40
WESTBROOK PLACE APARTMENTS
27 183 West Street, Battle Creek, MI 49037 David Ward, 269-753-0062
WOODLAWN MEADOWS RETIREMENT VILLAGE
• ••••• •• ••••••••••
28 1821 N East Street, Hastings, MI Lauren Bauer, 269-948-4921
= CITY ✚ = MED MANAGEMENT
 = EMERGENCY CALL   Like to be added? Email Christyn Sherban at csherban@wwthayne.com.


































































































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