Caring for Aging Parents
- Caring for your aging parents
How will your aging parents be cared for down the road? If your parents won't discuss their care, you'll need to prepare a plan of your own. You should make a record of things such as their medical providers, financial and legal information, burial plans, the location of their insurance policies and wills, and relevant account numbers. Where your parents live may depend on their health, but you don't have to care for them on your own. Instead, ask for help from family members, caregiver support groups, and community services.
- Financial Planning When You Have a Chronic Illness
When you live with a chronic illness, you need to confront both the day-to-day and long-term financial implications of that illness. Talking openly about your health can be hard, but sharing your questions and challenges with those who can help you is extremely important, because recommendations can be better tailored to your needs. Every person with a chronic illness has unique issues, but here's a look at some topics you might need help with as you're putting together your financial plan.
- How do I talk to my elderly parents about their finances?
- Important Questions to Ask Aging Parents
Remember "the talk" your parents initiated (maybe) with you many years ago? Well, now it's your turn to sit on the opposite side of the table. If you're the adult child of aging parents, it's important to open up a conversation about their future needs and wishes.
- Long-Term Care Planning Is Important for Women
- I paid my mother's real estate taxes last year. Can I deduct this on my tax return?
- My parents can't manage alone anymore. What should I do?