Many of our adult caregivers are managing bills for their elder relatives with or without truly having a Power of Attorney. Sometimes, an elder client must give away managing their affairs, not because of dementia or confusion, but maybe eyesight is failing or there are organizational issues. We have been recommending a local company to help our clients in this area. The company is named Commonwealth Cash Management. They offer a professional daily money management service to get those bookkeeping tasks done. Their Personal Cash Management services encompass personal bookkeeping, recordkeeping, bill paying and investment data aggregation services. Each customer is assigned a dedicated CCM Client Assistant who works with the customer/caregiver, operating within a system of institution-quality checks and balances. The Client Assistant is available to make personal visits on a schedule of the person's choosing, and the frequency of your contact with CCM is always up to the client. This company is based right here in Salem, MA and the founders KC Kommoss and Jeff Plakans have extensive experience offering financial services right here on the North Shore. Our adult caregivers always have WAY too much on their plates. When they look for local cash managers, there is not much choice up in this area. Sometimes individuals will "bill pay" for elders, but they are not real companies and they open up the elder to fraud or as the victim of horrible mistakes. Using a professional company for Daily Money Manage, only makes sense. We here at Right at Home understand that if our clients use a professional service, then they have some level of protection. Sometimes we see Geriatric Care Managers getting involved with money as conservators. These services can run upward of $100 per hour just to get the bills done and the accounts reconciled! That is crazy! My article on the 7 Questions has been featured on their partner Newsletter. Be sure to check it out! Happy Valentines Day!
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