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Sec. 17109a page 1 (395B) Department of Social Services TABLE OF CONTENTS Safeguarding Residents Personal Funds Handled by Licensed Homes for the Aged Definitions. . . . . . . . . . . . . . . . .
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How to fill out safeguarding residents personal funds:

01
Gather all necessary documentation, including bank statements, income statements, and any relevant legal documents pertaining to the resident's personal funds.
02
Review the resident's financial situation and determine the appropriate safeguards needed to protect their funds. This may include appointing a financial guardian or establishing a trust account.
03
Complete any required forms or applications for guardianship or trust accounts, ensuring that all information is accurate and up to date.
04
Submit the completed forms and documentation to the appropriate authorities or institutions, such as the court or the resident's bank.
05
Follow up regularly to ensure that the safeguards put in place are being maintained and are effectively protecting the resident's personal funds.

Who needs safeguarding residents personal funds:

01
Elderly individuals who may be vulnerable to financial exploitation or mismanagement of their funds.
02
Those with cognitive impairments or disabilities who may require assistance in managing their personal finances.
03
Individuals who have been determined to be unable to make sound financial decisions due to mental health issues or other circumstances.
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Safeguarding residents personal funds involves protecting and managing the financial assets of individuals in care facilities.
Staff members and administrators of care facilities are required to file safeguarding residents personal funds.
To fill out safeguarding residents personal funds, detailed financial records must be maintained and regular audits should be conducted.
The purpose of safeguarding residents personal funds is to ensure that vulnerable individuals are not financially exploited and their assets are protected.
Information such as total funds held, withdrawals, deposits, and any discrepancies must be reported on safeguarding residents personal funds.
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