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Senior financial planning

Question

56 answers

How to provide new caregivers with funds to grocery shop, pick-up items for senior.

Concerned about how to "fund" a carer with money to pick-up prescriptions, grocery shop, etc. Do not want to give seniors credit or debit card. Also don't want to provide blank checks or cash. Anyone have any ideas or experience in this area.


Question

34 answers

How can I help my mother decide which things she can get rid of?

My other has so much stuff and can't seem to part with any of it. 


Story

Financial Caregiving: 10 Essential Tips

Your parents took care of you, and at some point, there’s a very good chance you’ll do the same for them. According to a recently released report by Merrill Lynch and Age Wave, in 2016 alone, roughly 20 million people became caregivers. It’s a life changing event, not only emotionally, but financially... more


Story

Do You Need a Probate Lawyer? 4 Questions to Ask

Navigating the probate process can be tricky and time-consuming for any executor. As the person in charge of carrying out the last wishes of the recently deceased, you’re responsible for ensuring that all assets are properly calculated, financial liabilities are settled, and the remaining property is distributed appropriately to the estate’s... more


Story

What Happens When Term Life Insurance Expires

Picture it: 10, 20, 30 years ago. Your past, responsible self purchased life insurance that would keep your family covered through the length of your mortgage and your kids’ college careers. The good news: You outlived the policy and your loved ones never had to file a claim. The bad... more


Story

Should Older Adults Buy Life Insurance?

One of the main benefits of life insurance is ensuring that your dependents would be provided for in the event of your death. So if you’re an empty nester who doesn’t already have a life insurance policy, you may feel life insurance isn’t essential, especially if you own your home and have... more


Story

Best Online End-of-Life Planning and Document Services

The multitude of documents required to create an end-of-life plan can feel overwhelming. For health care, there are medical directives including living wills, durable powers of attorney, and POLST documents. There are powers of attorney for financial accounts, wills, trusts, and life insurance policies. Don’t forget instructions for your pets. There are several websites that... more


Story

The 6 Steps of Probating an Estate

After a person dies, it can be difficult to know what is to be done with the property and possessions they left behind. Probate is the judicial process that ensures that the deceased person’s debts are paid and that any remaining assets or property are distributed properly to their heirs and beneficiaries... more