When focusing on senior safety, specifically mobility and fall prevention, it is easy to overlook other important aspects related to elder safety and wellbeing. Safe and comfortable transfers and mobility are but one aspect of senior safety.
Besides mobility and fall related problems, senior’s face other major threats and challenges in life and these should be given equal consideration and may require action.
Please consider the following when assessing risk:
- The inability to care for oneself or a loved one
- Cognitive or dementia related issues
- Problems with financial management
- Estate or property management issues
- Medical problems
- Elder abuse (physical, mental or financial)
Elder Estate Advocates offers professional services to assist seniors in these areas
In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in the fiduciary, whose aid, advice or protection is sought in some matter. In such a relationship, good conscience requires the fiduciary to act always for the sole benefit and interest of the one who trusts.
A fiduciary duty is the highest standard of care at either equity or law. A fiduciary is expected to be extremely loyal to the person to whom he owes the duty such that there must be no conflict of duty between fiduciary and principal (senior).
Real Estate Loans: Seniors face many financial challenges including home care expenses, medical or other bills, cash flow shortages, etc. It’s not uncommon for a senior to struggle on a limited budget and suffer a lower quality of life because other assets are not utilized.
The number one underutilized senior asset is real estate. Proper planning and management of real estate assets can sustain or improve the quality of a senior’s life by freeing funds that are needed immediately for other urgent reasons such as health care.