Elder Finances Archives - Page 5 of 8

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Can A Dysfunctional Family Come Together To Support A Low Income Loved One?

We've just come back from solving a very stressful family situation that got worked out. We'd like to share the experience with you. After my 63 year old brother, already disabled, had a massive stroke, I wondered. How could he be cared for long term? He went from the acute…

Carolyn RosenblattJanuary 4, 2014

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Make It Easier For Your Adult Children: A New Year’s Resolution

Only about 25% of older adults have taken the time to think about what would happen if they became incapacitated, and have filled out a healthcare directive. This seems pretty unfair to their adult children. Why put the burden on the kids? Each person has the right to decide what…

Mikol DavisDecember 7, 2013

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How Financial Advisers Can Abuse Their Elderly Clients: Family Finances

Elder Financial Abuse Right Under Our Noses? Alice, my mother in law, is blessed with a great memory and pretty good health for a woman of 91. She works at it. She's been a widow for 5 years now. When he was alive, Dad always handled their finances. Since she's…

Mikol DavisNovember 16, 2013

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The Smart Way to Resolve Family Fights About Your Aging Parents

We're looking at something we know is painful: family conflicts. Sibling battles. Arguing with your aging parent. Do you have a dispute going on in your family? As parents age, many problems can crop up among adult siblings and sometimes with the elder himself. Many of these problems arise from financial…

Mikol DavisOctober 14, 2013

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Smart Ways To Talk To Aging Parents About Finances

A recent survey by the National Endowment for Financial Education found that seven in 10 adults say they have difficulty talking to their families about who will make financial decisions on behalf of an aging family member who becomes unable to handle their money. Part of the problem is…

Carolyn RosenblattSeptember 17, 2013

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Hidden Truths About Long Term Care Insurance

Should you or shouldn’t you? Seems as if someone is always promoting the purchase of long term care insurance. Most of us don’t want to think about getting old and needing anything like that. If we ever think about it, it’s a thing we want to defer until later. The…

Carolyn RosenblattSeptember 14, 2013

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Son Hit with Aging Parents' $93K Nursing Home Bill

Could this happen to you? John Pittas’ mother entered a nursing home for rehabilitation following a car crash. After she left the nursing home, she moved out of the country. His mother’s $93,000 bill at the home was left unpaid. The mom had applied for Medicaid, which would normally pay…

Carolyn RosenblattSeptember 11, 2013

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Hidden Truths About Reverse Mortgages

The ads make them look so great. Vacations, living a great lifestyle, happy couples, smiling at their good fortune. Rewards are repeated again and again. Sincere movie stars of a certain age make the commercials believable. You can get cash now. It’s so easy. Just get your reverse mortgage and…

Carolyn RosenblattSeptember 10, 2013

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Elder Financial Abuse Under Our Noses?

This is unbelievable. Here we are, always trying to alert people to financial abuse and we think Mikol's own mom, Alice, has been taken advantage of by her financial advisor! Alice is 91, is blessed with a great memory and pretty good health for a woman of her age.…

Mikol DavisJuly 18, 2013

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There's No Law Against Making Stupid Decisions

Howard, 92, loves women. He has dementia and is legally blind. He likes to give women checks when they tell him their sob stories about needing money. He has one daughter, Missy, who is aghast at his conduct. After her mother died, Missy felt obligated to try to keep Dad from…

Mikol DavisMarch 18, 2013

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