Finances Feed

While we like to think that most seniors have family members or at least lifelong friends to help them through their last years, many don’t. The term elder orphan is often used to describe these older Americans. While many have planned for this time in their lives by hiring attorneys to oversee the legal issues surrounding their potential need for care, others may not have been so wise. These seniors could be a prime target for a guardianship company that can swoop in and—legally—take over their lives, including their finances. Read more →


Sex and death. It's odd that those two topics should bring so much anxiety to parents and children. But, there you have it. One – sex – is about the beginning of life. The other – death – is about the end. Both are a part of the lifecycle, but if anything, sex is easier for many to discuss than death. Read more →


When a person succumbs to any form of dementia, it is hard on family and friends. It is difficult to see the diminished capacity of a loved one and the unbearable frustration it brings. However, one of the worst things we have to cope with is the fact that this person has a flawed memory, and this flawed memory can cause them to tell others terrible things about us, simply because their brain isn't working correctly. No matter how far-fetched their stories and accusations may be, to them, what they are saying is true. Read more →


Dear Carol: My mom moved into the memory unit of an assisted living last year and she loves it. She’s very social so this environment is perfect for her. Now, my brother has suddenly decided that he wants Mom to come and stay with him for the winter since he lives in a warmer climate. He’s the man so he has the Power Of Attorney. Mom doesn’t want to leave her comfortable little apartment, but she’s said if he really wants her there for a time, she should do it. My fear is that the move could make her dementia worse. My brother says he just wants to spend more time with Mom, but he's never been that close so the only true motivation that I can see is that he knows how expensive AL is and he’s struggling financially. I think that he wants to save the estate money. I’m not trying to keep Mom in my town to be selfish. I just want her happy. How do I handle this? – SD Read more →


Your siblings don't show up at the door to visit Mom. They don't offer to take Dad to doctor's appointments. Heck, they don't even know the doctors' names. They don't know the medications. They don't care about the elderly parent's temper tantrums you, the caregiver, must weather. They don't care that you are the target for verbal abuse from the Alzheimer's afflicted parent. And they really don't care that the you haven't had a break from 24/7 responsibility, whether hands-on or helping with all the needs of an elder in assisted living or nursing home, for weeks, months or years. They voice huge concern for the elder, yet they aren't willing to get their hands dirty (figuratively or literally), or open their wallets to help. Read more →


While Alzheimer’s disease will progress differently for each person, scientists and clinicians have attempted to stage the disease as a way that helps people living with Alzheimer’s and their families understand what is happening, as well as to plan for the future. Some divide AD into seven stages, some five stages, but currently, three stages is the format most often used. The Alzheimer’s Association uses three stages, so that is what we will use for our foundation here. Read more →


When a beloved elder dies, we may have varying reactions, frequently changing moment by moment. Naturally, there’s grief and the realization that we’ve seen the last of our loved one’s physical presence. Read more →


ew rules for the protection of nursing home residents have been implemented as part of the Affordable Care Act (ACA). Many of these rules provide answers to concerns that have troubled families with loved ones living in skilled nursing facilities (SNFs), generally called nursing homes. I emailed Medicare expert Ginalisa Monterroso for an update on these rules and what they mean for nursing home residents and their families. Read more →


Fearing that their aging parents could be injured, caregivers can become nagging nannies who try to stop Dad from working in his beloved shop or Mom from gardening. But insisting that elders avoid all risks can compromise their dignity and joy. So how do you find the right balance of concern and trust? Read more →


Finances can be a difficult topic to discuss in some settings, and talking with aging parents qualifies as one of those. But it’s essential that families discuss finances and how they will be handled when — not if, but when — one of them becomes incapacitated physically or mentally. Wise people appoint a trusted person as power of attorney (POA) before there is a health crisis.In the case of caregiver Marianne Sciucco, author of Blue Hydrangeas, an Alzheimer’s Love Story, the legal documents for her parents were signed in time — barely. Read more →