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Creating the Right Support Team
Nov 5, 2019
Michelle Hipskind, financial advisor, SYM
ProSpeak

In a national study of Sandwich Generation Women, creating a good support team was identified as an important key to helping an individual navigate this challenging stage of life. 

Key Team Members

Financial Advisor 

Our study of sandwich generation women revealed a strong preference for a fiduciary wealth manager who acts as a “quarterback,” coordinating all advisors on your team.

Estate/Elder Care Attorney

Choose one who will not only provide solid legal advice in language you can understand, but also one who has the time and inclination to provide advice on how other clients have handled issues of aging, elder abuse and intra-family issues. 

Accountant

Make sure you understand what your accountant will and won’t do for your elderly loved one. 

You may consider working with a firm with in-house bookkeeping services, or one who coordinates with other professionals who provide these services.

Geriatric Care Manager 

These individuals are often highly trained social workers or nurses who can evaluate care needs, provide oversight to existing caretakers and bring in other resources as needed. 

The best geriatric care managers are often found through referrals from your other team members, local retirement communities or other local organizations that provide services to the elderly. 

Interview several care managers at the first hint that there may be a need for one, in order to avoid making a rushed decision when you’re in crisis. 

Quality Control

When assembling your support team, do your research. As you become a Sandwich Generation Woman, this due diligence will aid in your success. Interview several candidates to find the right “fit,” then conduct additional follow up to confirm each service provider will provide the services and support you need. Once these individuals are in place, be sure to keep regular, ongoing communication with your team so they stay up-to-date with your needs and any changes with your loved one. 

 
SYM Financial Advisors

Phone: (800) 888-7968

Email: mhipskind@SYM.com

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IMG Insurance Management Group


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