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Power Cutoffs And Protecting Aging Parents Living Alone

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A very timely piece from Forbes fresh off the recent blackouts and what has frequently been called our new norm in California.  It’s imperative that our loved ones are prepared and we have a family plan to keep everyone safe during the blackouts.  Please take the time to put a plan together and make sure your loved ones are ready for potentially an entire week without power. Those who require electronic medical equipment must especially have a concrete plan in place.

Read the article here.

 

Warning signs for dementia and Alzheimer’s

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We have seen first hand how important it is to recognize the early signs of Dementia and to get our loved ones the right support at the right time during their journey. Making sure that they are both safe and that they have the proper physician oversight can make a very big difference in the lives of the individual with Dementia as well as the loved ones supporting them. We encourage everyone to learn these warning signs so that you may be able to identify early the signs of Dementia.

Read about the warning signs in this article from the Galion Inquirer.

Aging In America: News And Trends From 2 Summits

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Reports on the future aging covering engagement and lifestyle, solo agers, fraud, cost of long-term care and more.  Insightful article covering topics discussed at the Aging in America Summits.

Source: Aging In America: News And Trends From 2 Summits

Can Alexa Help Fight Isolation and Loneliness?

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At ESP, we are fascinated at the future intersection of aging and technology.  The article below is a glimpse into AI and how it may combat isolation and loneliness.

Source: Can Alexa Help Fight Isolation and Loneliness?

Q&A: How to Prevent, Detect, & Treat Dehydration in Aging Adults

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Here’s everything family caregivers should know about preventing & detecting dehydration in seniors. Includes practical tips for those concerned about UTIs.

Source: Q&A: How to Prevent, Detect, & Treat Dehydration in Aging Adults

Saving elderly parents from financial fraud

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Talk about precautions with the seniors in your family.

Elders are financially defrauded in this country on a daily basis. Only a few of these crimes are made public. In fact, the National Adult Protective Services Association estimates that only one in 44 cases of elder financial abuse are reported.

NAPSA also reports that one in nine seniors had been financially “abused, neglected or exploited” within the past year.

Friends, family and caregivers perpetrate much of this financial abuse.

They commit 90 percent of it, according to NAPSA. Major fraud damage might even result in a decline in an elder’s physical and mental health: victims of elder financial exploitation are four times more likely to go into a nursing home than their peers, and nearly 10 percent of the victims end up relying on Medicaid.

Frauds range from big scams to little schemes.

You may already know about the common ones: the grandparent scam (“Grandpa, I’m in jail in _____ and I need $___ to make bail”); the utility company scam (one criminal keeps the elder busy in the yard as the other burglarizes their home); and the lottery scam (a huge prize awaits, and the elder need only pay a few thousand upfront to take care of associated taxes).

Others are more subtle: home health aides severely overcharging an elder for their services; relatives or caregivers using a financial power of attorney to draw down an elder’s bank or investment accounts.

Talking about all this may help to prevent it.

Sometimes, a good way to introduce the topic is by referring to what happened to someone else – a story coming up on the news or in the paper, or an article online, or maybe even a friend’s experience. Part of this conversation will be about the elder in your life taking you on as a sort of second line of defense, someone to help them watch over things.

They may be resistant, at first, but advise them that this is a precaution not necessarily for today, but for a time when they may not be able to make decisions. From there, have a conversation about setting up powers of attorney and other legacy paperwork (will, living will, health-care directives) in coordination with legal and financial professionals.

Make it clear that you are there to back up the elders in your life and look after their wellbeing.

Maintain good communication with these professionals – not just the aforementioned legal and financial professionals, but caregivers, health-care professionals, and anyone else who works with them on a regular basis.

Maintaining these conversations with seniors and the people who work with them, asking questions and being present can go a long way to deterring financial fraud.

Have the conversation; have a look at Mom or Dad’s financial situation.

It’s a good idea to protect your family members from such a growing problem. The Senate Special Committee on Aging says that American elders lose $2.9 billion in fraud per year. That’s spread among 78 million Americans over the age of 65.

One in five of that population has some sort of cognitive issue, a number that rises to more than half when narrowed to people 85 and older.

Taking steps now might mean curtailing or avoiding bigger problems down the road for the seniors in your life, so it’s definitely worth having those conversations today.

Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Bush Wealth Management and LPL Financial are separate entities. Stacy Bush is with Bush Wealth Management.

 

Jason Smith is a reporter at The Valdosta Daily Times. He can be contacted at 229-244-3400 ext.1257.

Source: Saving elderly parents from financial fraud

Please review on how to spot the signs for Elder Abuse

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Elder abuse is a big problem and it comes in so many shapes and forms.  We can all do better by understanding the signs and being a part of the solution if and when we encounter situations of abuse.  The below infographic was provided by the National Institue on Aging.  Please take a look and share.

Thank you – Rachel and David CohenSpotting the signs of elder abuse. 1 in 10 adults 60+ are abused, neglected, or financially exploited. Abuse can be physical, neglect, financial, emotional, sexual, or abandonment. Watch for these signs: seems depressed/withdrawn. Isolation. Has unexplained bruises, burns, scars. Appears dirty, unfed, dehydrated, under/over medicated. Has bed sores. Recent changes in spending money. Talk w/ the older person then contact Adult Protective Services, police, or long term care ombudsman

How to Handle Discovering Signs of Dementia During the Holidays

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It’s hard you haven’t seen a loved one in a while and you enter their home and notice something is off.  It’s just not the same house you remember entering year after year.  Maybe there are stacks of bills, dishes in the sink, old food in the fridge, it’s cluttered and not kept up the same.  These are signs and it’s really important to not ignore them but to investigate deeper into the cause.  The Holidays gives us time each year to really check-in and make sure our loved ones are doing ok.

Very interesting study with Children and Seniors. Let’s see more like this!

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Could this be the future of Senior Communities?  We love outside the box thinking when it comes to improving the lives of our Seniors and what a great experience for the kids.

Old Peoples Home for 4 Year Olds: The Experiment

The amazing outcome of The Old People's Home For 4 Year Olds…

Posted by Channel 4 on Tuesday, August 15, 2017