The Boomer's Guide to Aging Parents, Vol: 6: How to Handle Money for Aging Loved Ones

Elder abuse has been called the crime of the 21st century. Everyone's parent is at risk when certain factors are present. Don't allow your aging parent to be ripped off because you weren't paying attention. This minibook explains how to manage an aging parent's money legally and safely, and with confidence that you're doing the right thing.

Author, Carolyn L. Rosenblatt, is a registered nurse and an attorney with over 40 years of combined experience in her two professions. She is a consultant and mediator with a practice in San Rafael, California. Money can be a sticky issue for families, especially when one is faced with the idea of taking over control of an elder's checkbook. Handling money competently requires the ability to pay attention to details, keep track of expenditures, and to be aware of what one has to spend. When our aging parents begin to "slip" in these areas, adult children can become confused about who has the right to do what. This concise book describes how to take over the finances when the time comes, and what legal documents you must have in order to be in charge of an aging parent's money. It walks you through the process of assuming responsibility with a power of attorney for finances. It tells you what a guardianship is, and when one might be necessary. It also discusses a growing problem in our society: financial elder abuse. You'll find value in Ten Tips for Handling Money for Aging Loved Ones.