Friday, March 21, 2014

Planning for contingencies - The value of a fiduciary

Good morning all. This is my first foray into blogging so let me start with introducing myself. My name is Laura Barish I work with a wonderful company called AltaGolden.  AltaGolden works with older adults to help them stay independent in their own homes – wherever that may be. We love what we do and we do think that we do it very well. We also have an Adult Day Program that works with people with any form of dementia. The day program is in our facility in Rancho Bernardo. What sets this apart from other programs is the activities we do to help people be as engaged as possible as long as possible.

But enough of that for the moment, let's get on to the topic of the day. I want to talk with you about what you can do to plan in advance when something unexpected happens. There are many aspects to the subject including everything from financial well-being to making sure your physical needs are met. From a basic standpoint, two of the primary issues are financial management and physical management. Let's first talk about financial management. If you are suddenly and unexpectedly unable to manage your bills and finances, what do you have in place to make sure that your needs will be managed appropriately?

If you don't have these plans in place and you haven't yet had this discussion with family, you may want to consider using a fiduciary. A licensed fiduciary will act as your agent to make sure that all of your needs and desires are met in the manner of the agreement that you have made with him or her. This can range from simple bill payment to making sure you are in a good hospital or skilled nursing facility; or, if you are at home, ensuring great caregiver services.

Even tho you may not need anything now, just a little bit of advanced planning can make all the difference in eliminating stress and ensuring that your desires are met.

If your family is your backup plan, have that discussion now. Don't wait until crisis mode to get plans in place. This will add stress to all involved and may result in you not having the level of services you want, need, and deserve.

Tomorrow I'll add my two cents on what to look for in a skilled nursing facility.  I would also like to invite you to post your comments and questions.

Come visit us at or give us at call at 858-779-9254.

Have a wonderful, healthy, and joyous day!  Laura