April 19, 2018

Time Spent with Seniors Is Time Well Spent

By: Darleen Mahoney

The more and more that I work in this industry, I think back to the times that made the older folks that mean so much to me the happiest. They are mostly “a-ha” moments, not anything that I could have bought and shipped through Amazon, texted, or even the quick drop in just to say “hi”. It was the time that was spent visiting with them. It was time sharing a meal, going to CVS to help them pick out a birthday card, sharing the stories of my life, reminiscing about the past, and the times that they themselves were an integral part of my family and daily life. I remember how proud they would be to introduce me and my children to complete strangers. It was like being introduced for a “lifetime achievement” Award at the Golden Globes. That is what we are to our elderly loved ones. We are their lifetime achievements.

When my son was little, his school adopted a Senior retirement community at Christmas time. He was in Kindergarten and they took a field trip to the community, each child “wrote” a book and colored it, we all made Christmas cookies, and the kids sang carols. My son sat in a complete stranger’s lap reading his story with such pride as she intently listened, holding him on her lap so happy with the biggest smile on Seniors Time Well Spenther face. She was so entrenched in his story and hung on to every word that he said. It meant the world to him because he knew she loved his story, and I know it meant the world to her because you could see the visible joy on her face. I sat there and realized I was holding back tears because it made me happy to see this connection between two strangers vastly different in years. I regret that he never saw her again, I truly believe that it would have been really good for them both.

Buckner Parkway Place, a senior living community in Houston, Texas hosted a group of young people who volunteered at their community through their local high school. “This partnership with Westside High is what Buckner is all about,” said Susan Phelps, executive director of Parkway Place. “Buckner exists to serve both vulnerable children and senior adults, and what better way to do that than by engaging a multi-generation partnership with students who otherwise might not have these opportunities? Plus, seeing the way Parkway Place residents light up around these students is a joy. I feel more confident than ever about the future of senior living because of their eagerness to serve.” http://www.buckner.org/blog/learning-to-serve

Family life is changing. Unlike in the past, when extended families lived close to each other, older folks are living longer and more self-sufficiently, but they are also living alone. With the change in lifestyle and the growing distances from family members, even though their adult children have healthier and more active parents, they are less likely to visit them, and their grandchildren are less likely to know and visit their grandparents as often as in the past.

Developing connections between young and old generations can help both groups. Visit your local Senior Center, Senior Community and ask how you can volunteer by spending time with their residents. You can also visit http://www.servingseniors.org/get-involved/advocacy/ , include children in advocacy, they too are your future. #payitforward

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April 13, 2018

What Social Workers for Seniors Provide In Our Communities

By: Darleen Mahoney

As SeniorLivingGuide.com continues our roadshow throughout the southeast United States sponsoring luncheons to celebrate case managers and social workers that work tirelessly on the behalf of Seniors and older adults, touching on what services they provide is essential to understanding their overall contribution to our communities. This also allows our Seniors and their caregivers to know what services and beneficial programs are available to them and their loved ones.

Case Managers and Social WorkersTheir goal is to make sure their elderly patients’ needs are being met with services and programs that are available across the board. These services run a wide gamut, everything from helping seniors gain access to transportation, financial resources, medical care availability, in-home assistance services, food delivery services, and help with mental and social problems. They also protect our most vulnerable population from any person or business that may try to take advantage of them.

One of their biggest attributes is their ability to navigate complicated government programs. These programs include social services, local programs, healthcare, and legal services. They can help the elderly apply for services that they qualify for and even help obtain funding for elder care. They will also make sure that these services are delivered and minimize any hiccups along the way on behalf of the Senior.

Where can you find these resources? Because the Federal Government has mandated Area Agency on Aging facilities in every county/city. These agencies have professionals who hold vast knowledge on all things ‘social services for the elderly’ related.

These case managers and social workers are super heroes for many families and their loved ones! Providing the elderly with the right help that they need and having access to all that is available, managed by a true professional, is a benefit that should not be wasted. Visit  Area Agency on Aging to find help in your area!

http://www.aging.com/social-services-for-the-elderly-how-can-i-get-help/ provides additional information support and information as well.

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April 10, 2018

Chicago Pacific Founders Acquires The Willows of Easley in Easley, South Carolina

NEWS RELEASE
Date: Wednesday, April 4, 2018

Contact: John Rijos, President and CEO, Chicago Pacific Founders (312) 273-4750, jrijos@cpfounders.com

Guy Geller, President, Grace Management, Inc. (312) 273-4750, ggeller@cpfounders.com

FOR IMMEDIATE RELEASE

Grace and Pacific Founders LogosChicago Pacific Founders Acquires The Willows of Easley in Easley, South Carolina

Chicago, IL – April 4, 2018 — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management, Inc., announce the acquisition of The Willows of Easley, a 100-unit senior living community in Easley, South Carolina. The Willows of Easley

The Willows of Easley is an Independent and Assisted Living community located in the heart of Easley, South Carolina, a short 15-minute drive from downtown Greenville, South Carolina. Despite its small-town feel, Easley’s quaint and thriving downtown has many conveniences including popular department stores for shopping, fine dining restaurants, and quality medical facilities. The Willows of Easley, highly regarded for providing quality care and programming, will continue its full spectrum of independent living and assisted living services to its residents.

Grace Management Willows of EasleyTerms of the deal were not disclosed, but investments in the campus will serve to enhance the quality of life for all stakeholders – including residents, families, associates and prospective residents across the region.

The Willows of Easley is now managed by Grace Management, Inc., a nationally recognized leader in the delivery of senior living management services.

“We are thrilled to have found The Willows of Easley and to be in the Easley, South Carolina market. We are committed to providing the highest quality of life possible to all of our residents,” said John Rijos, CPF Living’s President and CEO.

About Chicago Pacific Founders
Chicago Pacific Founders is a Chicago and San Francisco-based healthcare private equity investment firm. The fund is targeting investments in healthcare verticals including senior living and innovative healthcare service-based platforms.

About Grace Management, Inc.
Grace Management, Inc. was established in 1984 to develop, market, and manage residential communities for seniors. While the core of the business is third-party senior housing management, Grace Management, Inc. also offers marketing and operational consulting services, receivership and loan workout services, due diligence review for pending sale or purchase considerations and third-party reviews for various types of senior housing communities. For more information, please visit www.gracemanagement.com.

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April 4, 2018

Assisted Living Tax Deductions Simplified!

Filed under: Elder Law Attorney,Seniors,Taxes — seniorlivingguide @ 11:24 am

By: Darleen Mahoney

In honor of the month that can be very tax focused if you are the last minute, down to the wire, can’t find all of your receipts, but are determined to get all the deductibles allowed by law like me. I am going to share one tax deduction that you may not know is available! Its an important one, as you know assisted living costs continue to rise every year. These costs can be very stressful on you or your family members. Did you know that some of these costs may be tax deductible?

The criteria for the tax deduction is that the resident in assisted living must be considered “chronically ill”, meaning a doctor or nurse has certified that the resident either:

  • Is unable to perform on their own two daily activities. Ex: eating, bathing, dressing, etc.
  • Diagnosed with a cognitive impairment, (Alzheimer’s disease, dementia, etc) and requires supervision

You may ask what do you mean, “certified”? To qualify for the deduction, a doctor, a nurse, or social worker must prescribe a plan of care and certify the plan. Luckily, most assisted living facilities offer and can prepare this for their residents within the guidelines required.

How these costs are determined to be tax deductible are based on medical expenses and long-term care expenses. Typically, only the medical expenses of assisted living are deductible and living costs are not. However, there are exceptions. The exceptiontax deductions for seniors to this may if the resident is chronically ill and the facility is primarily for their medical care and is part of the residents certified care plan, then it may be tax deductive, much like a hospital vs. a home environment.  The tax deduction is calculated based if expenses are more than 7.5 percent of the adjusted gross income.

There is also an opportunity for Adult children to receive a tax deduction if their parents or other family members live at an assisted living facility and qualify as their dependents.  The adult child may be eligible for this deduction even if it is less than half of the total support according to a “multiple support agreement.” The adult child is required to pay more than 10 percent of the total support for the year. There are variables to this agreement and I would recommend speaking to professional counsel such as, a Elder Law Attorney/Tax Consultant to make sure that you are meeting all legal obligations before taking the tax deduction as there may be multiple parties on this agreement.

I always recommend if you have complicated tax planning have questions about your taxes, seek professional advice. Asking for a reference from a trusted family member or friend is a great start to a Elder Law Attorney or Tax Advisor, www.superlawyers.com  have highly rated lawyers to refer online.

If you have uncomplicated quick question about tax deductions, you may want to visit online resources such as Intuit.com https://ttlc.intuit.com/questions/3612566-how-do-you-determine-what-portion-of-assisted-living-is-deductible-and-what-is-not-is-this-provided-by-the-facility

Getting the most out of your tax deductions doesn’t have to be complicated if you know what you qualify for and you utilize your resources.

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