The Complete Guide To Managing Your Parents Finances When They Cannot

A comprehensive guide to manage the finances of aging parents, discussing what to expect, and providing step- by-step instructions to protect their assets, evaluate their income, understand social security, do their taxes, and fulfill their wishes.

This book has been written as a comprehensive walkthrough of what you can expect and how to successfully handle your parents finances. To start, you must learn the basics of managing money that is not your own. You will be provided with a step-by-step chapter on how to keep track of funds, maintain the same accounting methods your parents have used for decades, and keep everything organized and separate from your own. You will learn how to evaluate sources of income including how to receive and manage Social Security, 401(k), and other retirement plans as payments are made. Additionally, you w.

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 Protect your parents from elder fraud

Wall Street Journal “Love and Money” columnist Jeff D. Opdyke offers a compassionate and highly effective handbook designed to help elderly parents manage their money. Protecting Your Parents’ Money is the essential guide to helping Mom and Dad navigate the finances of retirement, covering such topics as understanding Medicare, preventing elder fraud, and the hunt for a quality, affordable retirement home. Protecting Your Parents’ Money is a book everyone should own, as members of the Baby Boomer generation find themselves dealing with the many financial problems surrounding aging parents, and face their own future as seniors.

If you are facing the unique challenges of caring for a parent with dementia, you are not alone. What do you do when your loved one so plainly needs assistance, but is confused, angry, or resistant to your help? Where can you find the vital information you need, when you need it? Journalist Thomas Harrison and leading geriatric psychiatrist Brent Forester show that you don’t have to be a medical expert to be a good care provider in this authoritative guide. They explain the basics of dementia and offer effective strategies for coping with the medical, emotional, and financial toll. With the right skills, you can navigate changing family roles, communicate better with your parent, keep him or her safe, and manage difficult behaviors. Learn how to "care smarter, not harder"--and help your loved one maintain the best possible quality of life. Winner (Second Place)--American Journal of Nursing Book of the Year Award, Consumer Health Category Winner (Third Place)--Foreword INDIES Book of the Year Award, Family & Relationships Category

For the first time, financial guru and TODAY Show regular Jean Chatzky brings her expertise to a young audience. Chatzky provides her unique, savvy perspective on money with advice and insight on managing finances, even on a small scale. This book will reach kids before bad spending habits can get out of control. With answers and ideas from real kids, this grounded approach to spending and saving will be a welcome change for kids who are inundated by a consumer driven culture. This book talks about money through the ages, how money is actually made and spent, and the best ways for tweens to earn and save money.

Designed to help individuals understand the origin of most financial troubles, this collection of bestselling works from Larry Burkett is a complete money guide which provides a means to escape the "debt cycle.

You're no idiot, of course. You know how to write a check, make a deposit, and read a monthly statement. With financial markets in flux and many Americans mired in debt, you're looking for better ways to manage your money, but learning the financial ropes is testing the limits of your time and patience. Save your money and your life! The Complete Idiot's Guide® to Managing Your Money, Third Edition, is written by two experts who know the world of saving, investing, and credit inside and out. You'll learn savvy strategies to fatten your wallet and cut your costs from credit cards, mortgages, car-buying, and checking. In this Complete Idiot's Guide®, you get: Common-sense advice on how to decipher-and profit from-economy and market reports. Tips on maintaining a sound credit rating and winning loan approval. Idiot-proof ways to protect your personal and financial information from fraud. Ten money-making secrets your banker won't tell you.

Are you ready for the inevitable day when you will have to act as parent to your parents? Protecting Your Parents’ Money is the essential financial handbook that will help you navigate this confusing and difficult transition, providing a game plan for tackling complex issues like estate planning, retirement income and savings, and long-term health care. Most important, it will help bridge the communication barrier between parents and adult children, which often makes the process much more difficult than it needs to be. Important topics include: Personal Finance 101, the Senior Years: The essential definitions and workings of the myriad investment options and financial requirements your parents will deal with in retirement. The Move: How to find the right nursing homes or retirement communities, comparing costs and factoring your parents’ assets into the mix. Understanding Medicare: What it is, how to qualify for coverage, and what it means for your parents’ finances. Elder Fraud: How to look for telltale signs that your parents have been victimized. Protecting Your Parents’ Money provides the comprehensive guide every loving son and daughter will need to understand and help manage Mom and Dad’s financial concerns.

In this completely revised edition, young people learn how to get and manage credit, how to make and stick to a budget, how to pay for college, how to determine needs versus wants, how to pay for a car, how to open a bank account, how to balance a checkbook, how to manage finances online, and how to avoid financial mistakes. You will also learn about investments, taxes, checks, debit cards, credit cards, and budget tips. This book is filled with helpful suggestions from financial counselors, and you will discover ways to jumpstart your financial future and use money responsibly.