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...
Hiring a professional money manager to take care of someone else’s finances can relieve the caregiver of that added responsibility. Many parents are reluctant to let their children take on management of their money, either because they don’t want them to know their...
Whether facing a mountain of debt, a flurry of tax papers or just needing budget advice, there’s someone out there who can lend a helping hand. But with all the different types of financial professionals out there, sometimes it’s hard to figure out just who can help...
Powers of attorney and trusted organizations are a big help Wall Street Journal – For many people, there is no legal document that is more crucial than a power of attorney. Or one so full of potential pitfalls. A power of attorney is an inexpensive legal document that...
Daily money managers can help with bill paying, budgets and even ward off fraud. But trust is essential. Wall Street Journal – Aging parents may need help managing daily finances to guard against costly mistakes or elder abuse. But for family members or caregivers, it...
CreditCards.com –If you’re married and find yourself temporarily unable to handle your finances due to illness or other unforeseen circumstances, your spouse would likely step in and pay the bills. But what happens if you’re single? Without a plan, you could miss bill...
