Downsizing for Seniors: Assembling the “TEAM”

We looked at the definition of “seniors” and concluded that we required two elements:

1) some kind of age related issue, and

2) a lack of independence.

Otherwise, we are simply dealing with ordinary people who have a little more “experience”.

So, the question really is: who do we need to help out?

There are essentially four categories here: financial, physical, transportation (mobility) and home care.

Wealth Management

  • Lawyer
  • Financial advisor
  • Tax advisor
  • Accountant
  • Bookkeeper
  • Investment Counsellor
  • Stockbroker
  • Mutual Fund Sales Representative
  • Bank Manager
  • Mortgage Broker
  • Life Insurance Sales Representative
  • Insurance Broker
  • Attorney (someone who holds a Power of Attorney)

Health Management

  • Doctor – family physician
  • Specialists
  • Nurse
  • Health practitioner
  • Chiropractor
  • Naturopath
  • Dentist
  • Community Support Social Worker
  • Urgent Care facility
  • Hospital
  • Attorney (someone who has the right to make medical decisions, POA)

Transportation and Mobility

  • Friends, family
  • Taxis, wheelchair
  • Assisted devices

Home Care

  • Personal care worker
  • Food services
  • Interior maintenance
  • Exterior maintenance

This list will not apply to everyone, but it does give some idea of the various roles that must be undertaken and filled for most seniors.

As a senior advances, they are likely to require more assistance with basic tasks which they otherwise could have performed themselves.

Brian Madigan LL.B., Broker

Leave a Reply

Your email address will not be published. Required fields are marked *