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Aging parents

Know The Cost Of Removing A Stubborn Aging Parent As Trustee

There are plenty of aging parents out there making life difficult for their adult children, as we see from our experience working with elders’ families at AgingParents.com. A common problem for families happens when the one in charge of finances, typically the patriarch, develops cognitive impairment and can no longer safely manage the family trust and […]

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The Case of the Missing Cash

This really happened. George is 90 and is generally doing well, but he has a few memory problems.  His wife, Gloria worries about him keeping track of things. He has a full-time caregiver from a qualified agency. He goes to the gym for an hour every day. The caregiver drives him there and to the […]

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Son Gets Dad, 85, To Give Up Secrecy About Finances

How did the adult son of a wealthy but secretive 85-year-old father get his dad to finally reveal important information about his assets? It wasn’t easy. Many adult children have an elder who thinks he’s fine and doesn’t need any help. Even if the patriarch or matriarch is fine, there is no guarantee they’ll stay […]

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What To Know About Aging Parents’ Emergency Alert Devices

Adult children wanting to keep aging loved ones safe often suggest that their elders wear a personal emergency device. (personal emergency response system or PERS). With the push of a button, the elder summons emergency help. Despite that fact that a lot of elders have them but won’t wear them, they are important for those […]

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Why Is It So Hard To Talk To Aging Parents About Money?

Questions about parents’ finances often come up when a parent starts to need some help. Basics like shopping, cooking or bathing can become too difficult for an elder with chronic illness, frailty and problems with memory. It may have started at retirement when income became fixed but unpredictable expenses weren’t figured into the cost of […]

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