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Posts Tagged With ‘ Seniors ’

 
Know The Cost Of Removing A Stubborn Aging Parent As Trustee
May 4th, 2023

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 his own spending. Things can get financially dangerous. Case Study In this fact situation from a real case, we observed what it took to get the patriarch out of the position as trustee and to permit the successor, the adult daughter, to step in.... Continue Reading

What To Do When Your Stubborn Aging Parent Makes Bad Financial Decisions
April 24th, 2023

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. She refuses to give up financial control The matriarch, Wilma, 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... Continue Reading

Son Gets Dad, 85, To Give Up Secrecy About Finances
April 24th, 2023

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 that way. In this case at AgingParents.com, the son, Alex, was increasingly worried about his father, whose mind was ok but his management skills had fallen apart. Alex sought help because his father had extensive real estate investment properties, but they were being sorely neglected.... Continue Reading

Pedaling E-bikes into Retirement
March 29th, 2023

The first e-bike that caught John’s eye was the Pedego Comfort Cruiser. As its name suggests, this bike was all about comfort.  Continue Reading

March 29th, 2023
What To Know About Aging Parents’ Emergency Alert Devices
March 27th, 2023

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 who do put them on every day. Advances in tech for these devices are constantly evolving. Some devices are part of a smart watch and the wearer doesn’t have to feel “old” wearing one. Some resist wearing something like a pendant that to them is conspicuous. They think... Continue Reading

10 Things You Should Know About Aging Parents And Assisted Living
March 27th, 2023

A common worry many adult children express about aging parents is that the parents are alone and it’s time they got some help. The kids are worried because of changes in the parent’s health, mobility or memory problems. The aging parent may not agree that there is anything to worry about, and this, of course, leads to resistance. Assisted living is something adult children frequently mention as a solution to their worries. But is it? There are pros and cons to consider and the family needs to understand what assisted living is and what it isn’t.  On a personal note, I had a 96 year old mother-in-law... Continue Reading

10 Things You Should Know About Aging Parents And Assisted Living
March 22nd, 2023

A common worry many adult children express about aging parents is that the parents are alone and it’s time they got some help. The kids are worried because of changes in the parent’s health, mobility or memory problems. The aging parent may not agree that there is anything to worry about, and this, of course, leads to resistance. Assisted living is something adult children frequently mention as a solution to their worries. But is it? There are pros and cons to consider and the family needs to understand what assisted living is and what it isn’t.  On a personal note, I had a 96 year old mother-in-law... Continue Reading

One Thing For Aging Parents That’s Cheaper Now
March 22nd, 2023

Most of us probably know someone who can’t hear very well and doesn’t use hearing aids. It can be frustrating trying to have a conversation with that person. particularly in a group setting, like a dinner table or in a restaurant. They say “what?” and you repeat, but they still don’t hear you much. Can you do anything about this? Maybe. It depends on why some aging parents will or won’t accept wearing hearing aids. Why do folks resist hearing aids? Hearing aids used to cost thousands of dollars and Medicare never did cover them. You had to get an in-person test and a prescription. You... Continue Reading

What To Do When Your Stubborn Aging Parent Refuses To Give Up Control
March 20th, 2023

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

Why Is It So Hard To Talk To Aging Parents About Money?
March 20th, 2023

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 living. You, the adult children grow concerned that Mom or Dad need to spend more now for new things in their lives, such as paying a caregiver. You ask questions. “How are your finances?” and “Can you afford this helper?” Often there is push-back... Continue Reading