Eldercare from the financial perspective and the role taken on by a CPA is that of acting as a business manager in all or part of the areas of the life of an elder. This role can vary from client to client due to the particular needs of the individual and the family. Some of the tasks that may be involved are listed below:
. Cash management including bill paying
. Oversight of other financial accounts
. Acting as a liaision between the elder and family members
. Acting as a liaison for the individual with other third parties including other professionals that are involved.
. Oversight of other providers
. A team player with the other professionals that have been involved always keeping in mind what is best for the individual and the family
. Acting as an advocate for the elder