Q1 2017 Newsletter

  • On : February 26, 2017

To all,

We appreciate you taking the time to review our 4th Quarter newsletter and hope that you are doing well.

Did you know…

Stepping In

Protecting Senior Clients from Financial Abuse and Fraud

Financial exploitation of elders by caregivers or scam artists is not new. But the extent of the problem is increasing as the senior population grows. In a recent American Institute of Certified Public Accountants (AICPA) Insights article, part one of a three-part series explores how advanced age brings both great wealth and decreased cognitive ability. This makes some seniors ripe targets for financial exploitation. For the entire article, click here.

How does this affect you or your loved one? – Baker DMM was created specifically to address this growing issue. Unlike other CPA’s and Financial Planners, we do not complete tax returns, nor do we investment money or sell insurance. We are focused on daily money management services for individuals. We help protect our clients from a wide range of abusers ranging from unscrupulous family members to dishonest service providers. We have the knowledge, systems, and experience to help protect your loved ones and make sure they live their golden years in peace. If you ever need our help, please give us a call at 678.828.4314.

Tip of the day…

Protecting against Cyber Crime

When an older adult racks up unpaid long-term care bills, who’s responsible for paying the debt? In a growing number of cases, adult children are being held legally responsible for their parents’ nursing-home or other care expenses. The reason: More than half of U.S. states have “filial responsibility” laws obligating adult children to financially support their parents.

How does this affect you or your loved one? –  To minimize your odds of being saddled with a parent’s care costs, have open family discussions about long-term-care planning and understand the Medicaid rules, says K. Gabriel Heiser, a retired elder law attorney and expert on Medicaid planning. To read more, click here.

It’s good to laugh…


“Have no fear of perfection, you’ll never reach it.” – Salvador Dali (1904-1989)

It’s good to smile…



And it’s good to keep things in perspective…


“Seize the opportunity in front of you. Imagine. Invent. Disrupt. Do good. I know that you must be passionate, unreasonable, and a little bit crazy to follow your own ideas and do things differently. But it’s worth it. Life grows relative to one’s investment in it.” Marc Benioff


Chris Baker, CPA, Managing Director
Phone – 678.640.8512


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