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By Jim Miller
Savvy Senior 

What You Should Know About Your Aging Parents Finances

 

January 9, 2019



Dear Savvy Senior,

My siblings and I don’t know much about our elderly parent’s financial situation or their wishes if something happens to them. When mom broke her hip last year, it got me thinking we need to be better prepared. What’s the best way to handle this, and what all should we know?

Tentative Daughter

Dear Tentative,

Many adult children don’t know much about their elderly parent’s financial situation or end-of-life plans, but they need to. Getting up to speed on their finances, insurance policies, long-term care plans and other information is important because some day you might have to help them handle their financial affairs or care, or execute their estate plan af...



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