Topic: managing finances
Acronyms and abbreviations are abundant in Aging Life Care. Whether you are an older adult or a family care partner, it’s helpful to become familiar with and understand these terms. In this article we look at two that are used frequently: ADLs and IADLs. …
Taking care of your financial future means more than just meeting with an investment advisor. What if the unexpected happens? For example, you get into an accident: How will you make sure your bills are paid and your assets protected? That’s where a “financial power of attorney” comes in.
A financial power of attorney is a legal document that you prepare to authorize someone to handle financial transactions on your behalf. This person is called your “agent” or “proxy,” though sometimes they are also referred to as your “power of attorney.” …
This is an evergreen topic. It’s not unusual for adult children to engage us for a consultation when they become aware of uncharacteristic changes in an older person they care about and/or are concerned about their safety. …