My brothers and I are fortunate to still have our 95-year-old mother in our lives, but we do have a lot of responsibility for her physical and financial well-being. We’ve helped her with estate planning, medical directives and investments, and we manage her bills, doctors’ appointments, medications, and caregivers. My older brother, a certified public accountant, has power of attorney. Like most families, we have a lot going on and it can be overwhelming at times.
Despite our collective efforts to keep things organized and do advance planning, we’ve had some glitches. Continue reading “Money Matters: Managing a Loved One’s Financial Affairs” »