Resources offer CPAs road map to eldercare solutions.Practitioners who work with older clients know that they come with a unique set of characteristics. For example, when a client problem surfaces, it is generally urgent--sometimes a life or death matter--and must be solved immediately. However, often the primary contact in these situations is not the client, but rather a friend or family member--who may live in a different city or state than the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. and client. [ILLUSTRATION OMITTED] It's all part of the charm, though, and for CPAs looking to enhance the scope of services they provide, eldercare eld·er·care n. Social and medical programs and facilities intended for the care and maintenance of the aged. presents an ideal--and challenging--opportunity. To help you navigate this practice area, CalCPA's Personal Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against Committee created a new resource. The Internet-based ElderCare Resource Guide includes a listing of care management and hospital services; fiduciary and PFP PFP - Plastic Flat Package services; elder law As of the early 2000s a relatively new specialty devoted to the legal issues of Senior Citizens, including estate planning, health care, resources; forensic elder abuse Elder Abuse Definition Elder abuse is a general term used to describe harmful acts toward an elderly adult, such as physical abuse, sexual abuse, emotional or psychological abuse, financial exploitation, and neglect, including self-neglect. issues; and real estate assistance services. The resources--available at www.calcpa.org/PFP/elder.resource--are divided by geographic region: Alameda/Contra Costa; Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. ; Orange County; Sacramento/Yolo; San Diego and San Francisco/Marin. Member volunteers from throughout California compiled the materials found on the site. The easy-to-use ElderCare Resource Guide--which is available to the public--allows users to select resources based on geographic region and then area of need. From there, services are listed by service provider and include detailed contact information, including links to more information. ELDERCARE INFORMATION SOURCES The ElderCare Resource Guide is just the latest eldercare information source available to CPAs. The California CPA Education Foundation offers annual conferences lead by experts in a variety of eldercare disciplines; chapter PFP interest group meetings regularly feature guest speakers who provide eldercare information at the grassroots level; and the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). offers modular training programs, either seminar or self-study, and publications under the name PrimePlus/ElderCare Services. In addition, the AICPA PFP Division offers its members a quarterly eldercare newsletter and a PrimePlus/ElderCare Services "self-assessment tool" that allows CPAs to track competency and progress toward education goals. CPAs interested in providing services to older clients must first develop a broad skill set that will allow them to coordinate the efforts of a professional service team to best serve their clients' needs. Issues that CPAs or attorneys may need to familiarize themselves with when working with an aging clientele include financial issues, such as Medi-Cal planning, estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the , long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. and retirement plan distribution strategy; legal issues, such as fiduciary responsibilities and elder abuse; and medical and psychosocial issues. As they dive into eldercare, CPAs also may want to venture into specialized disciplines, such as financial planning, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal or asset management. ELDERCARE TASK FORCE Along with the ElderCare Resource Guide and other available information, CalCPA's ElderCare Task Force offers another way for CPAs to familiarize themselves with the variety of eldercare services. Task force members established relationships with other professionals as they built the resource guide, and many have been able to create local practitioner teams to serve their clients and have been introduced to clients who need their special services. The task force continues to need member support to enhance and update the resource guide to make it even more valuable to members. Many task force members serve on the state PFP Committee as an eldercare networking forum and to enhance their skills. Members can apply to join the state PFP committee at www.calcpa.org/members/committees. The ElderCare Resource Guide is a valuable tool to help CPAs meet the unique challenges their clients encounter. It also is a significant public resource contributed by CalCPA that shows its commitment to eldercare services. As California's community of older retired residents look for assistance with their unique problems, CalCPA members will be there to help. BY IRVING M. EISENBERG, CPA/PFS Irving M. Eisenberg, CPA, PFS PFS, n post facilitation stretch; therapeutic approach utilized during proprioceptive neuromuscular facilitation in which the patient begins the stretch midway between the fully relaxed and fully stretched position and uses maximum level of effort to is president of the Wealth Manager Group in San Diego and chair of the CalCPA Personal Financial Planning Committee's ElderCare Task Force. You can reach him at (619) 574-7526 or ieisenberg@wealthmgr.com. [ILLUSTRATION OMITTED] |
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