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What
Can\Should Be Done?
Should
the needs assessment determine that the person may be vulnerable to financial abuse, and
assistance with daily financial matters is advisable, the choice of the right type of
assistance is important. A financial assistance plan should be implemented that best meets
the needs of both the individual and the caregiver -- one that is least disruptive to
his/her independence, yet provides adequate controls and checks and balances. Following
are some suggested resources:
 | Family/friends -- This resource is well-known by the individual, is usually familiar with
the person's affairs, and rarely charges a fee; however, due to insufficient time or
interest, adequate records may not be kept, and conflicts of interest may exist. |
| Banks/trust organizations -- These organizations are regulated and insured, maintain good
reporting and controls, and usually provide total asset management; however, they require
a large asset investment, may control more than is required, and may not be flexible to
the individual's needs. |
| Other professionals/organizations -- This group provides a blend of flexibility and
professionalism, is usually responsive to the person's needs through various specialized
services, and may provide assistance both in and out of the home; however, quality and
performance is based on reputation, which may not be regulated or licensed, and this
alternative may not provide total asset management or be available in all locations. |
Financial
Assist, Inc. -- A private corporation uniquely sensitive to the needs of individuals and
families trying to maintain their financial independence. Financial Assist strives to
incorporate the best features of each preceding alternative, combined with its highly
regarded reputation and proven record of service. We work closely with community agencies
and through other professionals to help prevent financial abuse or exploitation of
vulnerable individuals. Financial Assist employees are bonded, insured, maintain precise
client records, and provide detailed reporting.
Since protecting the individual's
assets and providing guidance with daily money matters is of primary importance, your
decision regarding a source of assistance is important to both you and the person in need.
Any change in daily routine could be traumatic and create anxiety or resistance, but the
potential for financial risk avoidance should be your overriding concern. Investigate
options from all categories above to determine what is right for your situation. Set time
aside to personally interview choices of financial caregivers. You can also accept
recommendations from employers and others you trust regarding resources with proven
records of service and integrity. Above all, be diligent -- you are dealing not only with
financial assets, but emotion, anxiety, and trust. |
 
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