I’m a professional that works with seniors, how can a DMM help me?
Are you an accountant? Financial advisor? Attorney? Are some of your elderly clients calling you constantly with questions or forgetting to get back to you with information? Do you visit an elderly client and see the mail piling up or them taking advantage of scams like extended car warranties?
A daily money manager can help! Accountants, we can gather financial information, request tax statements, scan and email documents to you and keep track of due dates. Tax season can be overwhelming, especially when sorting regular monthly statements from 1099s, keeping track of accounts that issue theirs late, and getting all of them brought to the accountant’s office. Ever get a shoebox of receipts? A daily money manager can sort through all of this, adding up medical expenses and donations, mailing or emailing tax documents, and tracking down any missing or late ones.
If you are a financial planner you probably have experience with elderly clients who may be hard of hearing or cannot navigate e-sign documents. A client with a daily money manager has a built-in hand to hold if accounts need to be moved or liquidated, if documents need to be signed, and to help take notes on phone calls. No more worrying if the message got through or trying to reach the POA who has a full-time job.
Estate attorney with clients that need an updated will or trust? Are they having trouble finding the names and addresses of beneficiaries? Did a client pass away leaving a spouse that is overwhelmed with finding date of death balances, deeds, stock certificates, etc? I have personal and professional experience and know how emotional that process can be. I can help by taking the burden off the client and making it easy for the attorney to gather documents and administer the estate.
Geriatric care managers often see clients with mail piling up, susceptible to scams, forgetting to pay bills, including for the home health aide. A daily money manager can be a second set of eyes and ears, noticing when a client seems confused or ill, and can make sure the mail is sorted. Too often I hear of the home health aide opening the mail for a client, that’s a risk they should not be assuming!
Senior placement advisors often need a clear financial picture from a client so they can recommend the best senior living communities. I can review assets and liabilities with a client to see what they can best afford. And I can follow them into the facility with visits to continue after they have relocated or help them remain at home longer with help, knowing what their budget is.
Whatever your role, a daily money manager can help streamline your services, taking away the tedious tasks of information gathering, going through boxes of documents, and trying to track down old information. Let a personal financial organizer help your client and help you!
