Do you have a stubborn aging parent? Are you worried that he or she is doing unsafe or just plain dumb things? You’re not alone. Here at AgingParents.com, we see this scenario often, and it’s frequently about control over the family finances. Here’s an example, based on a real case with some elements altered for privacy’s sake. The matriarch, age 85, decides to move to a high end assisted living facility, due to her physical difficulties. She has lived in her elegant home for 60 years and it is, of course, much more valuable than when she and her husband, now deceased, bought it. Her financial... Continue Reading
Posts Tagged With ‘ guardianship ’
What To Do When Your Stubborn Aging Parent Refuses To Give Up Control
March 20th, 2023
The Case for Signing a Power of Attorney
February 16th, 2023
The best reason to set up a power of attorney for yourself or an elderly family member is to avoid a far more contentious and expensive alternative later: guardianship. Jonathan Williams A power of attorney becomes urgent if an elderly family member is showing early signs of dementia. “You want to run, not walk, to get that done because capacity tends not to get better,” said Jonathan Williams, an attorney with the Clarity Legal Group in the Raleigh-Durham, N.C., area. “Having good legal documents in place, if the person has the ability to execute them, can be helpful later on,” he said.... Continue Reading