How to Care for Your Parents' Money While Caring for Your Parents: The Complete Guide to Managing Your Older Parents' Finances and Planning for Their Future

Burns, Sharon and Raymond Forgue

ISBN 10: 0071408665 / ISBN 13: 9780071408660

Published by McGraw-Hill, New York, 2003

About this Item

Soft cover in as new condition. Wraps bright & crisp; no creases. Interior text block clean and tight, no writings, no markings noted. Overall presents as new and unread. * From the rear cover, "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.".

Seller Inventory # 000908

Bibliographic Details

• Title: How to Care for Your Parents' Money While Caring for Your Parents: The Complete Guide to Managing Your Older Parents' Finances and Planning for Their Future
• Publisher: McGraw-Hill, New York
• Publication Date: 2003
• Language: English
• ISBN 10: 0071408665
• ISBN 13: 9780071408660
• Binding: Soft cover
• Condition: As New
• Seller catalogs:
  • Aging & Retirement
  • Familiy & Relationships
  • Finance & Banking

About this title

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 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