| Today
they face multiple service providers that could include bankers,
investment advisers, heath care managers, social workers, lawyers
and family members. The responsibility for coordinating and
managing these services often falls on one or more children,
a close relative or friend. Managing the care of their parents
can be difficult, complex, and time consuming, especially for
children who are working full-time and/or raising children of
their own. It can be especially difficult to manage the care
of elderly parents from a distance. It might also involve conflict
of interest, lack of undivided loyalty and breach of confidentiality. |
 |
|
EPR
has proven experience in the emerging area of eldercare, an
area that is growing substantially as a result of the changing
demographic affecting families and individuals. Technological
advances in medical care of the elderly has extended longevity
and increased the need for sound financial planning to provide
the right kind and level of care. EPR is able to advise on
the interpretation, application and impact of the New Representation
Agreement Act that will soon be enacted. Our trained professionals
can work with you to help manage issues on behalf of an aging
relative regarding their personal care and financial affairs.
Effective
counseling for the elderly combines solid technical knowledge
of accounting, legal, tax, and investment options with sensitive
understanding of their personal needs for support and advice.
EPR provides exactly this type of service through their Eldercare
Consulting Team. EPR will lead the group of service providers,
to give assurance in a professional, independent, and objective
manner that the individual is receiving the right care and
services based on criteria and goals that have been set by
the individual and/or family members. There is a sense of
satisfaction from knowing that there is a caring partner who
can provide these assurances. A service such as this saves
the caregiver time, and provides expertise in areas with which
they are unfamiliar. As well, the EPR Eldercare service can
provide a multitude of financial services all consolidated
in one place, allowing for consistency, efficiency and speed
of service. Eldercare service is not just designed to meet
the needs of our senior population. Individuals with various
degrees of disabilities, caregivers, and young people who
are just too busy to handle financial and administrative matters
for themselves can also benefit from this service.
The
six most important features of the Eldercare service are these:
- everything
is consolidated under one roof
- professional,
competent and expert advice
- deal
with only one person
- save
time
- peace
of mind
- select
from a menu of services
eldercare consulting & assurance services
- Needs
assessment & Planning based on clients short & long
term goals
- Assistance
with powers of attorney & lawyer referral
- Assistance
with will plan & lawyer referral
- Housing
and support services needs
- Housing
and care alternatives
- Government
benefits and entitlements
- Check
list of allowable medical expenses
- Services
available in the community
- Establish
performance criteria
- Dispute
resolution
- Coordinate
health care services
- Communicate
expectations to care and other service providers
- Monitor
the quantity & quality of services rendered
- Render
periodic reports on service delivery
financial
planning services
- Income
and expense record keeping
- Investment
analysis
- Insurance
analysis
- Tax
Planning
- Will
and Estate planning
- Monthly,
quarterly and annual updates
financial
& administrative services
- Arrange
for the deposit of interest, dividend, pension cheques
- Ensure
that expected revenues are received
- Make
appropriate disbursements (bill payment, tax installments,
wages, etc.)
- File
insurance claims
- Confirm
accuracy of service provider bills
- Provide
protection over household expenses
- Investment
analysis and consolidation reporting
- Arrange
for the management and/or sale of assets including real
estate
- Review
statements received from financial institutions
- Prepare
personal tax returns and employment tax returns for domestic
help
- Provide
reports on financial activities
|