Illinois Estate Planning and Elder Law Blog
In a recent Chicago Tribune article, Daily Money Management Services Keep Seniors Independent, the availability of a personal service to handle paying bills, balancing the checkbook, filing insurance claims and other money management matters is reported on.
Amie Hyman, owner of Heartfelt Solutions for Seniors, Inc. in Willow Springs, addresses the issue and explains how times have changed from when senior citizens were able to rely on relatives who lived close by and senior citizens had uncomplicated money management issues. “This service is very much in demand, as the younger generation does not always live in the same area as their parents”, states Ms. Hyman. “It becomes overwhelming when the junk mail, doctor bills and Medicare statements start to pile up. They can forget to pay a bill or they are late and incur fees”.
Some of the services provided to seniors include setting up automatic withdrawals from bank accounts to pay bills, writing checks, managing bank deposits, transferring funds among accounts, negotiating with creditors and dealing with medical insurance providers