|Home Healthcare for Mom & Dad: Do Your Homework
Helping your clients learn how to do their homework before hiring home healthcare helpers can save them money and peace of mind.
September 22, 2011
Whether your clients live near their parents or several states away, at some point they may need to make some sort of assisted-care arrangements for their aging parents. It is not unusual for an incident or crisis to prompt action and they’ll have to make quick decisions.
In these situations, especially if there are no nearby relatives available to help, they may be under pressure, leaving no time for thoughtful research. Most elderly people prefer to stay in their own home, instead of moving to assisted living. Generally, there is a choice of either hiring home healthcare individuals or contracting with a home healthcare agency that supplies the home healthcare assistants.
Hiring an individual who is not affiliated with a bonded, insured agency has its risks. Over the years, Richard Talbert, estate planning attorney and CPA in College Station, Texas, has developed tips for his clients to consider when they are in the market for home healthcare assistance for their aging parents. “Home healthcare providers can provide good physical care and/or companionship, when it is greatly appreciated or needed,” Talbert explains, “but not all caregivers off the street have your sole interests at heart.”
Richard Talbert’s Home Healthcare Helper Hiring List
Save This List for Later
It is tough enough to see parents go from being there for you to needing you to be there for them. Getting tied up with the police or the IRS is not going to make your client’s life easier.
Send this article to your clients with aging parents. For the personal touch, send it by snail mail and enclose some tape so they can tape on the inside of a closet for future reference.
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Tracy B. Stewart, CPA, PFS, CFP, CDFA specializes in family law litigation support in Houston, Texas. She helps clients protect their wealth during property settlement negotiations. She is a member of the AICPA Personal Financial Planning and the Forensic and Valuation Services sections. Stewart is a board trustee for the Collaborative Law Institute of Texas as well as on the Executive Board of Texas Society of CPAs. You can contact her through www.texasdivorcecpa.com.
* The AICPA’s PFP Section provides information, tools, advocacy and guidance to CPAs who specialize in providing tax, retirement, estate, risk management and investment advice to individuals and their closely held entities. PFP Section members, including PFS credential holders will benefit from additional resources on aging parents and other elder planning related topics in Forefield Advisor on the AICPA’s PFP website at aicpa.org/pfp. All members of the AICPA are eligible to join the PFP section. For CPAs who want to demonstrate their expertise in this subject matter, apply to become a PFS Credential holder.