Sponsored Blog Post Elder Orphans: "An older person who is socially or physically isolated, without an available family member or caregiver to help them manage aging." A recent study from the University of Michigan found that an estimated 22% of all American over 65-years-old are at a significant risk of becoming an elder orphan. This is mainly due to the amount of people … [Read more...]
Durable Power of Attorney – What Authority Are You Giving Your POA?
Yes, You Can Limit Financial Decisions As we age, we are faced with issues that need our attention. We know that our wills and health care directives need to be in place. We need to have all our important documents available to our loved ones to avoid problems that we can no longer address ourselves. One of the easiest documents to provide is the Durable Power of Attorney … [Read more...]
4 Tips Before You Become a Caregiver
“Where do I Start?” For months that panicked question was the refrain in my head as I tried to fall asleep. It is the question I asked myself over and over again as it became clear that my father was dying, that I was about to become responsible for my disabled mother, and this responsibility would include among other things: her safety, finances and home. Being prepared is … [Read more...]
Financial Durable Power of Attorney is Critical for Parents Care
It allows you to pay your parent’s bills My father and I had spoken several times about my role as financial durable power of attorney for him and for my mother. But when he went into the hospital in November of 2014, I discovered the papers had never been signed or notarized. (Jump to Lessons Learned) As the child in closest proximity, dad had asked me to take on the … [Read more...]