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consulting - eldercare - a caring partnership

A common goal of the elderly is to have the chance to live their lives as independently as possible with protection and security.

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

 

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