How to Manage Your Parents’ Money
By admin on Jun 23, 2008 in Money
CNN Money has an excellent article about helping your aging parents manage their finances.
It is far better to have a plan now so that you can get the necessary financial tasks done later, the article emphasizes.
Yvette Mesquita is an example of a middle aged daughter helping her 71-year-old dad avoid financial disaster, but she had to learn about such things as the importance of opening up a joint checking account with the durable power of attorney.
A lot of us may not be as lucky as Yvette and we may not have the opportunity to ‘learn on the job’,so the importance of getting the information now is even more vital.
The article has a list of the 5 most important tips plus a lot of sub-tips. (I love lists.)
Read more about helping your aging parent manage their finances and money in Managing your folks’ money:5 steps
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Tags: Money
2 Comment(s)
By kelly on Jul 17, 2008 | Reply
your blogs has very good information about money .
how to handle money
kelly’s last blog post..MyVideoTalk :Bringing the World Closer Together
By Barbara on Dec 14, 2009 | Reply
I like this article and also really like your blog and think it’s great that you’re focusing on this important aspect of family finances. As more and more baby boomers come into retirement age themselves over the next 5 to 10 years, websites such as this one should prove to be a valuable resource,.. well done!
.-= Barbara´s last blog ..Freedom Pass: Proven Family Savings =-.