Are you ready for the inevitable day whenyou will have to act as parent to your parents? Protecting Your Parents Money is the essential financial handbook that will help you navigate this confusing and difficult transition, providing a game plan for tackling complex issues like estate planning, retirement income and savings, and long-term health care. Most important, it will help bridge the communication barrier between parents and adult children, which often makes the process much more difficult than it needs to be. Important topics include: Personal Finance 101, the Senior Years: The essential definitions and workings of the myriad investment options and financial requirements your parents will deal with in retirement.The Move: How to find the right nursing homes or retirement communities, comparing costs and factoring your parents assets into the mix.Understanding Medicare: What it is, how to qualify for coverage, and what it means for your parents finances.Elder Fraud: How to look for telltale signs that your parents have been victimized. Protecting Your Parents Money provides the comprehensive guide every loving son and daughter will need to understand and help manage Mom and Dads financial concerns.
Are your parents no longer able to manage their finances? This book contains ways to navigate the issues involved.