When we first embarked on our world-traveling lifestyle, we told our family we would be there if they ever needed us. For the first time in more than three years of nomadic life, we were called back to the Bay Area.
As our loved one’s age, we want to be able to ensure their needs are met, including managing their finances when they can’t. A common misconception is that a Power of Attorney or having their assets in a trust will solve all problems.
How many times have you thought to yourself, I sure could use a hand? Someone who could help with errands, answer computer questions for your parents, get your streaming entertainment services working right, etc. Think about hiring a home concierge.
My friend Beth mentioned that she was concerned with potential scam artists trying to take advantage of her parents. Her parents are in their 80’s and starting to show short-term memory loss. As a result, they sometimes get confused when bills come and don’t always pay them or pay them twice.