There are many questions that families have as their parents age. Many adult children have never had to provide care for a senior. When they begin, they soon find it is not an easy task. Assisting your parents as they age in place seems like a good idea until we realize how much time it takes to provide meals, and clean and maintain an additional house, along with continuing our own career and meeting life’s demands.
Even the most solid sibling dynamic can erupt into arguments when it comes to the health and welfare of beloved parents who are beginning to show signs of frailty.
Making financial decisions takes time, attention and energy at any age. In the case of elderly adults, it can become increasingly difficult to manage daily finances, particularly if their health is declining or they’re experiencing cognitive issues. If you’re providing support to aging parents — or plan to in the future — here is some advice on how to handle the situation and prepare for what’s to come.