Senior Finances


The Questions You Need to Ask Your Aging Parents Today

Learn about your aging parents’ wishes by asking a few key questions.

We’re all familiar with Benjamin Franklin’s sage advice: “Don’t put off until tomorrow what you can do today.” This has special significance when it comes to our aging parents, and to finding the answers to a number of important (as well as engaging) questions: from the practical knowledge of what their wishes are for their remaining lifetime, to what their favorite hobbies were as a child – and anything in between.

It’s a good idea to let your parents know that you have some questions you’d like to ask, and then schedule a time that will be uninterrupted, inviting siblings or other family members to attend as appropriate. Then prepare your questions in advance, thinking through ideas such as:

Do you have a power of attorney? … Read More »



Senior Finances: The Emotional Issue of Money and Caregiving

Having a frank discussion about senior finances is important for long-term planning.

Family financial matters are oftentimes a taboo subject, and in addition, the root of many different controversies, heightened emotions, and misunderstandings. And for a number of today’s older adults, who maintain a “Depression era mentality” from many years of saving for a rainy day and learning to “waste not, want not,” it may be hard for them to grant access to finances to adult children, and to acknowledge the necessity to spend some of those personal finances on caregiving needs.

Talking with an aging parent about finances is most efficient when begun before the need arises, appreciating it might take numerous discussions before an understanding can be reached. These conversation starters can certainly help:

“Dad, at some point, we have to make some choices in regards to … Read More »






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