How to Care For Your Parents' Money While Caring for Your Parents - Softcover

Burns,Sharon; Forgue,Raymond

Softcover

ISBN 10: 0071408665 ISBN 13: 9780071408660

Publisher: McGraw-Hill, 2003

Synopsis

Because caring for your parents' health also means caring for their wealth...Watching your parents decline and assuming the burden of caring for their physical needs is difficult enough, but you can't allow that to overshadow the importance of their financial needs. After all, what will happen if your parents outlive their savings? In order to be a financial caregiver, you'll need to know how to deal with legal and financial paperwork; government agencies and regulations; a host of insurance, investment, and estate planning issues; and the inevitable emotional and psychological issues that arise whenever money and family mix. In this indispensable guide, two family finance experts who are caring for their own parents' finances provide a basic primer in personal finance for those who are involved in their parents' financial lives. Filled with checklists, worksheets, resource lists, and other essential tools, this comprehensive guide supplies the knowledge and confidence you need to: decide who should manage your parents' money; communicate with siblings and caregivers; establish budgets and write annual reports; manage your parents' stocks, bonds, real estate, and other investments; deal with health insurance, Medicaid, and other insurance issues; and protect your parents from elder fraud.

About this title

About the Author:

Sharon Burns, Ph.D., C.P.A., counsels families on the financial aspects of caregiving. She is executive director of the Association for Financial Counseling and Planning Education.

Raymond E. Forgue, Ph.D., is the director of graduate studies of the University of Kentucky Department of Family Studies

Review:

Get this book as preparation for when you have to parent your parent. -- Michelle Singletary, The Color of Money, Washington Post, March 14, 2004

About this edition

• Publisher: McGraw-Hill
• Publication date: 2003
• ISBN 10: 0071408665
• ISBN 13: 9780071408660
• Binding: Paperback
• Edition number: 1
• Number of pages: 304