Taking Over Mom or Dad's Finances
One of the more challenging situations when an elderly parent is declining is having to take over their finances. Sometimes it may happen gradually such as when a loved one has dementia, or it can happen suddenly if a loved one suffers a stroke or other sudden illness. Regardless of how it happens, becoming a financial caregiver is a huge responsibility that is not to be taken lightly. The law requires that a financial caregiver (legally called a fiduciary) act in the love
Who Should You Trust???
One of the most important estate planning decisions you will make is deciding who will be responsible for your care if you become disabled and who will administer your will or trust after your death. This “job” often requires a great deal of time and responsibility which can include making health care decisions, paying bills, managing finances, yearly accountings, investment decisions, filing tax returns, dealing with other family members, etc. Most people typically just name