Remember who cared for you growing up? Moms and Dad’s kissed our boo-boos and rocked us to sleep after nightmares. That’s what great parents do.
The roles reverse: Today, we are grown with our own families. Many of you have professional careers that took years to establish, domestic responsibilities with children’s extra-curricular activities, and the list goes on. Our parents know first-hand, married couples need time alone to nurture their relationship when time permits. Now, with aging parents, what is required to ensure they will get nothing less than what was provided to us.
The best plans for managing the finances of an older relative are made when that individual is still healthy. Once stricken by illness, or frustrated by the loss of mobility and freedom, an older relative may not understand questions or be able to state details of their wishes. Fueled by the uncertainty of what he older relative really wants, the lack of a plan may ignite family arguments. Leading to even more difficult times and potential hostility.