Financial Services
| “The Daily Money Management counselors have helped give me peace of mind, although I admit, at first I was reluctant to have them handle my checkbook and pay my bills. They are true professionals who understand my needs and treat me with respect, and I love not having as much paperwork to worry about.” ~ Eleanor Bonham |
Daily Money Management
It’s not easy keeping track of all the bills that need to be paid and reconciling the checkbook. We realize some seniors may need help managing their daily finances so they can remain living independently.
Council on Aging’s Daily Money Management program provides a counselor who will make sure the senior’s financial obligations are met. The counselor writes, mails or deposits checks; keeps track of expenses, income and financial records; and maintains bank accounts.
Personal Service
Our Daily Money Management Staff provides assistance according to a client’s specific needs.
An independent senior receives visits at home or in the hospital for financial secretarial assistance.
For the senior who needs more help, Council on Aging applies for a Payeeship or Durable Power of Attorney to assume responsibility for the client’s assets.
Council on Aging can become the Representative Payee for those in need of an agency to manage their Social Security, Supplemental Security Income (SSI), Veteran’s or Railroad Pension benefits.
Conservatorship Services
When a senior needs more protection, Council on Aging can apply to the court to become his or her conservator. When appointed, we manage the estate and/or the personal care of that incapacitated person. We are registered with the Superior Court of California and the County of Sonoma as a private conservator.
Professional Staff
Daily Money Management counselors are professionals experienced in personal financial management and gerontology. Their work is supervised by Connie Aust, a licensed Fiduciary and our Social & Financial Services Program Director, who is bonded and insured. The program is audited yearly by an outside source to ensure accountability.
Peace of Mind
Our Daily Money Management program helps protect seniors from financial exploitation and abuse. It also prevents them from generating expenses associated with delinquent bills and duplication of services.
To learn more about what the Daily Money Management program can do for you or a loved one, call our Social & Financial Services Department at (707) 525-0143.
About Our Fees
Payment is based on an hourly rate of $65 an hour for Daily Money Management home services. The initial consultation is free. Please contact our office for a complete fee schedule.
The Daily Money Management Program at the Council on Aging is:
· Strictly confidential
· Insured and bonded
The Daily Money Management Program at the Council on Aging will:
· Act as Agent on Power of Attorney
· Provide bill paying services
· Perform checkbook reconciliation
· Interface for Medical, Insurance, Taxes, etc.
· File for Medi-Cal on our client’s behalf
· Maintain client financial records
· Assist with housing and in home helpers
· Advocate for clients in all financial matters
· Provide Conservatorship services
Read here about COPA
~Collaborative on Positive Aging
and Resources on Positive Aging.
