To learn more visit our website at http://www.ca-estatelawyer.net or call for a free consultation at (818) 905-0601.
Having difficulty keeping on top of your bills? Maybe a daily money manager can help. Daily money managers can assist elderly individuals with handling anything from routine bill - paying to more complicated tasks like filing medical insurance claims.
A daily money manager - a member of a relatively new profession that now has its own professional association - is an individual experienced in dealing with mundane financial matters that can build up if they aren’t taken care of. Money managers can aid seniors with physical limitations like arthritis or who are having difficulty keeping tract of their affairs. A money manager can also help adult children who are acting as caregiver for a parent and don’t have the time to devote to money management.
Some of the many tasks daily money managers perform include:
Paying bills
preparing checks
making bank deposits and reconciling bank accounts
dispensing cash
organizing tax documents
keeping track of medical insurance claims
reviewing and sorting mail
negotiating with creditors
tracking investments
In general, you do need to pay for this service. Daily money managers can cost between $30 to $100 an hour. However, you may be able to get a free consultation to determine if money management is right for you. In some states, the AARP offers daily money management services to low-income elderly individuals.
Author’s Note: visit our website at http://www.ca-estatelawyer.net or call for a free consultation at (818)905-0601
Elise Lampert is an Estate Planning Attorney in Sherman Oaks handing living trusts, special needs trusts, powers of attorney, conservatorships, probate, probate litigation, and elder abuse matters. You can learn more about her practice at
Elise Lampert is a proud member of the AARP Legal Service Network.
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