Older parents may need help with daily tasks, finances

Older parents may need help with daily tasks, finances

At a certain point, adult children and their aging parents might find themselves in a reversal of roles, with the children taking control and making important decisions about the parents’ finances, medical care and other day-to-day needs. The transition might be...
Is it Time for the Daily Finances Talk with Your Aging Parents?

Is it Time for the Daily Finances Talk with Your Aging Parents?

Talking with our aging parents about their finances can be tough. But it’s necessary. We need to know their plans and wishes should it become necessary for someone to step in and help. As a daily money manager, I have frequent conversations with older clients about...
Sandwich Generation? Advice When Managing a Parent’s Finances

Sandwich Generation? Advice When Managing a Parent’s Finances

If you’re part of the sandwich generation — where you’re caring for children and aging parents — life can get pretty hectic. Especially if you’re managing your parent’s finances. Over the years we’ve seen what methods work best and what spells disaster. Make Sure You...

When the Power of Attorney Lacks Power

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...

When Aging Parents Need Help With Financial Tasks

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...