SAVVY SENIOR ; How to Find Financial Assistance for Elderly ParentsDear Savvy Senior,Where can I go to locate financial assistance programs forseniors? I have been...Miller, Jim
In some cases, it could make sense to allow adult children to also monitor those accounts, depending on the parents' comfort level and support needs. Legal tools such as a durable power of attorney, a guardianship or a revocable trust can be among the most effective ways to keep an older...
As a parent, I would say paying for college was on my top 10 lists of worries as my children entered high school. We were caring for my elderly father and great aunt, along with battling with breast cancer. It was all we could do to stay afloat with medical and elder care expenses b...
I have Power of Attorney for very elderly parents. Chris de Mellow has been the family adviser for many years, and years ago, he helped to set up a care costs insurance policy for my mum. He recently reminded me of this policy and advised me to claim. I now rejoice to find that all...
Sometimes, it feels like everyone needs you all at the same time. Your elderly parents are not so steady anymore and need you to shovel their snow and figure out how to pay for their expensive heart medication. But your kids are at a tough age, too, and need another $2,000 worth of...
Do I need to help elderly parents with their care and finances? How do I navigate a job change? Families with Special Needs What happens to my child when I am no longer able to support them? What government programs and benefits are available?
A qualifying special circumstance might be a recent job loss, divorce, death in the family, out-of-pocket medical expenses or care costs needed for an elderly parent, to name a few examples. "I would recommend trying to connect with a specific person in the college's fi...
Think about your elderly parents, who are the most likely to get sick, as well as your dependent children. If something happens to them, you don’t have to worry about getting the best medical care if you have the right health insurance. Do your research thoroughly, talk to professionals ...
Becoming middle-aged often means balancing many responsibilities, including raising children, preparing for their college years, planning for retirement, and possibly caring for elderly parents. That’s a lot to juggle financially and emotionally. As the oldest members of Gen X turn 59, retirement ...
This year, Wang, whose son attends college in Beijing, set aside 4,000 yuan to give to children who visited his home during the holiday. He divided the recipients into three groups, based on his closeness to their pa...