Powers of attorney and trusted organizations are a big help
My mother is about to turn 80, and I’m increasingly worried about her ability to manage her money. My family and I are trying to figure out when and how to take on this responsibility, or at least provide some help. Have you written about this? Any advice?
This is a tricky subject, to say the least, and one that many of us are, or will be, grappling with. A recent study by Merrill Lynch and Age Wave found that 92% of caregivers provide some type of “financial caregiving”: paying bills on behalf of a family member, handling…
Read the article at When to Step In and Take Over an Older Parent’s Finances the Wall Street Journal (You must have an account to read the article)