Financial care for your aging parent
By: Lise Andreana, CFP, CPCA
Edition: First edition: 2014.
Series: Eldercare series; Eldercare series
Published: 2014
Language: eng
Number of pages: 158
ISBN-13: 9781770401921; 9781770409422; 9781770409439
Copyright date: 2014
Subjects: Adult children of aging parents; Parents âgés; Relations familiales; Aging parents; Personal Finance; Finances personnelles; Enfants adultes de parents âgés; Family relationships
Description: Caring for your aging parent can feel overwhelming, and having to assume control of your parent's finances in order to ensure bills are paid and he or she has enough to live on can be more than anyone wants to take on. However, children of aging parents commonly wish to be able to provide the same level of love and support to parents as they so generously offered to their kids, so becoming a parent's power of attorney and managing the money when he or she can no longer do it may seem like the right thing to do. When you have an elderly parent whose finances need to be managed by you or someone else as a designated power of attorney, understanding the potential stress on your parent's (and possibly your own) finances and savings as he or she transitions into a new part of life and knowing how to manage financially can help ease difficult times. Financial Care for Your Aging Parent explains in easy-to-understand language how you can manage a parent's finances and ensure that the important things are taken care of.
Notes: "Includes free access to download forms kit"--Cover.

Includes bibliographical references.

Issued also in electronic format.
Table of contents: title: Preparing to be a caregiver; title: Taking care of yourself first : preparing for your own retirement; title: Asking your parents the right questions; title: A financial plan for your parents; title: Maximizing every dollar; title: Debt and the elderly; title: Investing your parents' savings; title: Insurance for seniors; title: Helping aging parents transition to a life of increased dependence; title: Selling the family home; title: Succeed with good advice.