Are you sure you want to exit? Your progress will be lost.
Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
✔
I acknowledge and authorize
✔
I consent to the collection of my consumer health data.*
✔
I consent to the sharing of my consumer health data with qualified home care agencies.*
*If I am consenting on behalf of someone else, I have the proper authorization to do so. By clicking Get My Results, you agree to our Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our Terms of Use. for information about our privacy practices.
Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
I need to have someone figure out how much money my mom has and how long it will last her and how to get the most of any financial assistance if she can get it.
Is your mom cognitively impaired? If so and no one has PoA for her, then you will need to acquire guardianship of her through the courts. If you don't do it the county will and then they will control all her medical and financial info and won't be sharing it, and will make all her care decisions.
Figuring out how much she has and how long it should last should be pretty straightforward. I have just gone through this for someone and it is tedious, but if they will cooperate with you, it can be done in a couple of hours. Lots of the information can be accessed online .
First look for income sources. You can get a Social Security statement at Mysocialsecurity.com. Keep a copy.
Does she receive a pension? She can request a verification of income from the pension administrator.
She will have received a 1099 from most sources of income- dividends, interest that sort of thing.
Does she receive any other income? Examine her bank statements for regular inflows. You may as well get them organized. If she needs Medicaid they will want five years of statements to examine. May as well start organizing them.
Now look for the assets. Gather checking and savings account statements. Find any statements for 401k or IRA accounts. FInd any brokerage account statements. Does she own any life insurance? Whole life policies have cash values. You can request cash value statements be sent to the house. Does she own property? The home you live in is considered to be an exempt asset if you apply for Medicaid but you should still have an idea of the value. Get estimates of the value of any rental properties.
Now you look at the outflows. You can use an Excel spreadsheet. I enter all the sources of income and then fill out the categories for expenses- mortgage, utilities, food, health care ect. Don't forget annual bills like property taxes and magazine subscriptions. Divide the amounts by 12 and put them in as a monthly deduction. This will tell you how long the assets will last at the current spend rate. You can get category ideas from any budgeting software programs. (I use YNAB-you need a budget. YNAB.com)
So if your monthly income is larger than the monthly spending (don't forget the big, annual expenses though!). your mother's money is in no immediate danger of running out.
If it is not, you should consult a personal financial planner about how to sell assets. They have good advice on how to manage money. Jane Bryant Quinn recommends a fee only planner. To find someone local, try the Financial Planning Association (check the fee-only box), Garrett Planning Network (geared toward the average saver) and the National Association of Personal Financial Advisors (generally, for the more affluent).
And if your mom will be applying for Medicaid in the future , a consultation with an elder care attorney who specializes in Medicaid is a good idea. In my opinion, once they have helped you organize the assets you don't need to pay them to actually file the Medicaid application for you. That wasn't a good value! Once you know the rules, there are free sources of help to get the application filed.
If the answer to both is yes than you are able to do the leg work. My Moms finances were pretty simple. We live in a small town so banked at the same place. I gave them a copy of the POA for their files. I was already on her bank account. The first thing they did for me was run a report of all the accounts she had at the bank. This showed her savings, checking and CDs she had with the bank. Her bank statement was a big help. It showed her SS direct deposit and the bills she paid out of it. (My bank also supplies copies of checks so I was able to determine who the cks were written to)
If Mom has stocks, shares, bonds, annuities etc. You may have to go thru her paperwork for statements. Her yearly income taxes will show you any interest and dividends she claimed and there should be copies of the 1099's attached. This will give you names of companies she deals with. I would also check with her car/life insurance carriers to see if she has invested with them.
Not sure if there are people that can track investments, ect for you. And if there is, you may need a POA or a conservatorship to authorize it. If you don't have POA and person can't assign you, then guardianship may have to be obtained and that can be expensive. Medicaid does allow the use of the persons money when applying for guardianship over them.
I hope Mom has kept good records and everything is in one place. My Mom had two places. Where she sat to do her monthly bills and a draw she had all her other papers.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
Secondly, what are her current care needs?
Third, what is her current level of care, i.e. living on her own, living with you, living with weekly or daily caregivers or 24/7 caregiver care?
Fourth, does it look like assisted living or a nursing home are in her near future?
Fifth, have you tried talking with your mother about all of this?
Look for a fee for service one and expect to pay a fee similar to what you would pay a lawyer or accountant.
First look for income sources. You can get a Social Security statement at Mysocialsecurity.com. Keep a copy.
Does she receive a pension? She can request a verification of income from the pension administrator.
She will have received a 1099 from most sources of income- dividends, interest that sort of thing.
Does she receive any other income? Examine her bank statements for regular inflows. You may as well get them organized. If she needs Medicaid they will want five years of statements to examine. May as well start organizing them.
Now look for the assets. Gather checking and savings account statements. Find any statements for 401k or IRA accounts. FInd any brokerage account statements. Does she own any life insurance? Whole life policies have cash values. You can request cash value statements be sent to the house. Does she own property? The home you live in is considered to be an exempt asset if you apply for Medicaid but you should still have an idea of the value. Get estimates of the value of any rental properties.
Now you look at the outflows. You can use an Excel spreadsheet. I enter all the sources of income and then fill out the categories for expenses- mortgage, utilities, food, health care ect. Don't forget annual bills like property taxes and magazine subscriptions. Divide the amounts by 12 and put them in as a monthly deduction. This will tell you how long the assets will last at the current spend rate. You can get category ideas from any budgeting software programs. (I use YNAB-you need a budget. YNAB.com)
So if your monthly income is larger than the monthly spending (don't forget the big, annual expenses though!). your mother's money is in no immediate danger of running out.
If it is not, you should consult a personal financial planner about how to sell assets. They have good advice on how to manage money. Jane Bryant Quinn recommends a fee only planner. To find someone local, try the Financial Planning Association (check the fee-only box), Garrett Planning Network (geared toward the average saver) and the National Association of Personal Financial Advisors (generally, for the more affluent).
And if your mom will be applying for Medicaid in the future , a consultation with an elder care attorney who specializes in Medicaid is a good idea. In my opinion, once they have helped you organize the assets you don't need to pay them to actually file the Medicaid application for you. That wasn't a good value! Once you know the rules, there are free sources of help to get the application filed.
Best of luck!
ElderCare
Financial social security rep
Comes to mind
If the answer to both is yes than you are able to do the leg work. My Moms finances were pretty simple. We live in a small town so banked at the same place. I gave them a copy of the POA for their files. I was already on her bank account. The first thing they did for me was run a report of all the accounts she had at the bank. This showed her savings, checking and CDs she had with the bank. Her bank statement was a big help. It showed her SS direct deposit and the bills she paid out of it. (My bank also supplies copies of checks so I was able to determine who the cks were written to)
If Mom has stocks, shares, bonds, annuities etc. You may have to go thru her paperwork for statements. Her yearly income taxes will show you any interest and dividends she claimed and there should be copies of the 1099's attached. This will give you names of companies she deals with.
I would also check with her car/life insurance carriers to see if she has invested with them.
Not sure if there are people that can track investments, ect for you. And if there is, you may need a POA or a conservatorship to authorize it. If you don't have POA and person can't assign you, then guardianship may have to be obtained and that can be expensive. Medicaid does allow the use of the persons money when applying for guardianship over them.
I hope Mom has kept good records and everything is in one place. My Mom had two places. Where she sat to do her monthly bills and a draw she had all her other papers.