Accountant Guide

Elder care accountants help elders who are incapable of making independent decisions about financial management and planning. Services rendered by elder care accountants include estate planning, bill payments, tax clearance, checking accounts and investment dealings. They also play a great role in reporting the health conditions of parents to their mature children or finding assisted living service providers to care for an elderly person who is unable to live independently.

Accountants who are close to retirement find this type of work particularly appealing. Many in the field don’t feel that newer accountants have the experience or know how to deal with the elderly and their financial matters. The job belongs to someone who has been around for a long time and has a solid understanding of auditing, tax issues, financial planning and accounting for elders who are in all types of financial situations. An accountant who deals with an elderly client should be able to not only take care of finances, but also make sure that he or she is being cared for properly, and that there is adequate insurance coverage in the event of extended hospitalizations, etc.

A good accountant will work closely with their elderly client’s children and other care givers as well and be closely involved in decisions relating to the health and mental capabilities of the client. Elder care accountants must have endurance, compassion, and diplomacy to deal with elder ones who have health problems and dementia. They help elder persons to live in their own houses with self-respect.

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