Elder Finances Archives - Aging Parents

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Son Gets Dad, 85, To Give Up Secrecy About Finances

How did the adult son of a wealthy but secretive 85-year-old father get his dad to finally reveal important information about his assets? It wasn't easy. Many adult children have an elder who thinks he's fine and doesn't need any help. Even if the patriarch or matriarch is fine, there…

Carolyn RosenblattApril 24, 2023

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Why Is It So Hard To Talk To Aging Parents About Money?

Questions about parents' finances often come up when a parent starts to need some help. Basics like shopping, cooking or bathing can become too difficult for an elder with chronic illness, frailty and problems with memory. It may have started at retirement when income became fixed but unpredictable expenses weren't…

Carolyn RosenblattMarch 20, 2023

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What To Do When An Aging Parent Takes In A Homeless Friend

Roger, 90 and Mark, 85 have been off and on friends for 50 years. Mark has no family of his own. Roger’s adult kids call him “Uncle Mark”, as he’s shown up for family events for decades. He once had plenty of money, or so it seemed. There was the…

Carolyn RosenblattJanuary 27, 2023

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Three Tips For Talking To Aging Parents About Costs Of Future Care

Can you imagine your aging parents losing their independence? It might be the conversation they don't want to have with you. Will you, the adult child bring up this subject? What we see here at AgingParents.com is that when no one talks about it, the sudden costs of caring for…

Carolyn RosenblattJanuary 21, 2023

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Consider $2M: The Cost of Long-Term Care For One Aging Parent

Every year since 2004, private long term care insurer, Genworth has conducted a national survey to determine the average costs of care at home, and in facilities. The data is broken down by state, with the median price listed. The bottom line: the cost of care is rising significantly in…

Carolyn RosenblattOctober 17, 2022

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Danger: Her Aging Parent Is Overspending, And Her Daughter Is Panicked!

Briana called AgingParents.com in distress. She was feeling panicky and angry. Her 80-year-old mother, Rhonda, had just bought another new car she could not afford. Briana explained that her mother’s funds were limited, but she kept insisting on living the life she had before her husband passed. Her parents had…

Carolyn RosenblattAugust 3, 2022

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Is This A Soap Opera? Aging Mom And Her Live-In Boyfriend

Is This A Soap Opera? Aging Mom And Her Live-In Boyfriend Dementia can disrupt even the coziest living arrangements between unmarried older adults. Cognitive impairment can set your aging parent up for financial manipulation. It’s very convenient for the live-in boyfriend or girlfriend to get into the partner’s bank account…

Carolyn RosenblattApril 11, 2022

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Hard Conversations About End Of Life Wishes: Should Young Adults Be Included?

Hard Conversations About End Of Life Wishes: Should Young Adults Be Included? Talking about one’s end of life wishes is typically uncomfortable for most. We think of the subject as one for our aging parents to have with us when they are “old”. We don’t usually think it is a…

Carolyn RosenblattApril 11, 2022

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Elders’ Resistance To Using Technology: Challenges With Mom

Alice was 86 when she lost her tech-savvy husband. He was an early adopter and spent hours on the computer. He managed their money, paid bills online and kept track of their lives with digital storage. He had tried many times to get Alice to take a computer class in…

Carolyn RosenblattJanuary 11, 2022

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Can Your Aging Parent’s Live-In Partner Take Financial Advantage Of Your Loved One?

Dementia can disrupt even the coziest living arrangements between unmarried older adults. Cognitive impairment can set your aging parent up for financial manipulation. It’s very convenient for the live-in boyfriend or girlfriend to get into the partner’s bank account by coaching the impaired one to go the bank and take…

Carolyn RosenblattNovember 15, 2021

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