"Southern New England's Certified Elder Law Attorney"
CONTACT US TODAY
401-724-9400 - Main Office
860-440-7600 - CT Office
508-316-2396 - MA Office
Contact Us!
Southern New England's Certified Elder Law Attorney
Rhode Island, Connecticut, and Massachusetts Certified Elder Law Attorney
Daily Money Management
Personal finances can be complex and overwhelming for anyone, especially if you are a senior, a family member caring for a loved one, or a busy professional struggling with time management. At Connelly Law, our fiduciary department and our team of daily money managers is your advocate in all matters related to your finances. Because personal finance has become more complicated to manage, it can be hard for aging people and others who may not have the time or desire to manage the details. Our team will work with you or your loved one to ensure bills and payments are on time, records are kept up-to-date, taxes are handled, and medical bills are verified.
Keeping Seniors Independent
Managing household finances and running a home can sometimes be overwhelming. These tasks become even more burdensome as we age, and depending on adult children, who are often balancing raising their own families with a job, to take on this responsibility can lead to problems for both parties.
Connelly Law Offices, Ltd.'s Professional Fiduciaries provide daily money management services to individuals. Because of our background in elder law, we include household money management, bill-paying services, creating planning scenarios for families, and advocacy with insurance companies and creditors.
It is Connelly Law's goal to help independent seniors stay independent as long as possible while providing their family with a sense of relief and comfort. For over four decades, we have helped thousands of clients navigate the often unfamiliar waters of the aging process.
Who Can Benefit from this Service?
It's not just seniors and their families who benefit from daily money management the personal touch of a daily money manager.
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Older adults can benefit from the services of a DMM as the task of handling bills, deposits, and payments becomes much more challenging as we enter our later years.
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People who are constantly on the road for work or pleasure.
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Those who prefer to pay someone to handle their daily finances.
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Busy professionals who have more money than time.
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Persons with disabilities that prevent them from being able to handle their financial matters themselves.
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High net worth individuals and families with complex financial lives.
What Our Money Managers Do
Our money managers cover a broad range of tasks. The actual work they do depends on their background and client needs; however, the scope of personal financial services generally includes the following:
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Bill paying, including calls to payees regarding incorrect bills and preparation of payments for client approval.
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Reconciling checking accounts and investment statements.
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Preparing and making bank deposits.
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Organizing tax documents.
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Negotiating with creditors.
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Reviewing medical insurance papers and verifying proper processing of claims.
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Providing general organization of financial papers and systems.
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Referring clients to legal, tax, and investment professionals and to community resources.
Other Services We Provide
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Notary services.
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Accepting responsibility to act as power-of-attorney or representative payee for SSI.
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Fiduciary services include trustee, executor, conservator, guardian, or health care proxy.
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Financial counseling.
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Preparing budgets for spending plans.
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Preparing plans to reduce debt.
Can't a Friend Manage My Money?
Of course, they could, and the low cost may be appealing, but asking even a well-intentioned friend or loved one to handle necessities like monthly bill payments, tax preparation, balancing checkbooks, decoding medical bills, and negotiating with creditors can be risky as personal financial matters become more complicated. And the growing risk of elder financial abuse is well documented. A professional money manager can protect what you have worked for and ensure that all bills and obligations are paid on time.
"Our experienced and highly qualified daily money managers specialize in helping people manage their day-to-day personal finances—paying bills, tracking insurance claims, organizing files, safeguarding critical financial documents, budgeting, and more. Our clients are seniors, busy professionals, or families of seniors seeking help managing an elderly loved one’s finances. Our clients know that protecting their assets and managing their finances is incredibly important, even though it can be overwhelming occasionally. We strive to provide you or your loved ones with professional money management services. We are proud members of the American Association of Daily Money Managers."
---- RJ Connelly III
Rhode Island, Massachusetts, and Connecticut Certified Elder Law Attorney
"Southern New England's Certified Elder Law Attorney"
Call Connelly Law Today
Rhode Island Elder Law Attorney
Phone: 401-724-9400
Fax: 401-724-3046
Our office locations
Connecticut
Broadway Street
Mystic, CT 06355
860-440-7600
Rhode Island - Main Office
372 Broadway
Pawtucket, RI 02860
401-724-9400
Massachusetts
Martha's Vineyard
East Chop, MA 02557
508-316-2396
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This website includes general information about legal issues, issues affecting seniors and developments in the law. Such materials are for informational purposes only and may not reflect the most current legal developments. These informational materials are not intended, and must not be taken, as legal advice on any particular set of facts or circumstances. You need to contact a lawyer licensed in your jurisdiction for advice on specific legal issues and/or problems.