Power of attorney (POA) for finances gives a named individual the power to make financial decisions on behalf of the person.
A durable power of attorney for finances gives a named individual the power to make financial decisions if you become incapacitated (not able to make decisions for yourself).
Power of attorney (POA) for healthcare gives a named individual the power to make health care decisions on behalf of the person.
It is important that the person you select to act as your financial power of attorney is someone who you can trust to make the correct financial decisions.
ElderCare of RI provides financial and eldercare services to older adults and disabled family members. If you become unable to manage your daily financial tasks due to a physical or cognitive condition and you need assistance a financial power of attorney can help. A financial power of attorney or durable power of attorney is a way to name a trusted person to pay your bills and manage your finances if you become incapacitated. At ElderCare of RI we understand and work with the elderly, the disabled, and their family members who need help with overseeing a love one daily financial affairs.
Our services include…
- Paying bills
- Depositing cash receipts
- Submit claims to insurance companies
- Income tax preparation and tax planning
- Confirm accuracy of provider bills
- Gift and estate tax planning
- Stop exploitation and fraud
- Serving as financial guardianship and conservator
- Serving as executor, trustee, power of attorney
- Consulting services – Medicare and Medicaid, insurance oversight, housing and support service needs, and trust and fiduciary planning
- Assurance services – Review investments and trust activity, verify third-party calculations (such as pension, insurance, and other annuity payments), review financial transactions and test for adherence to established criteria.