As family caregivers, we play many roles: scheduler, money manager, house cleaner, health aide, nurse, navigator, nurturer and more. Perhaps the most important role, though, is advocate, as we ensure the best life possible for our loved ones when they are vulnerable.
When you are visiting family members, you have an opportunity to evaluate how they’re doing in terms of health, safety and quality of life. Any of these five red flags may indicate that your loved one needs more support.
Taking care of an aging or ill family member can be enormously rewarding but also exhausting and emotionally draining.
A tiny home in retirement could be a more-affordable way to downsize and still be close to family.
Every family has one–or maybe more–black sheep. They’re people who march to their own drum and handing them an inheritance could be problematic.
Even those with thorough estate plans might have neglected to discuss details with potential heirs.
After a loved one passes, one of the biggest hurdles families face is passing wealth onto the next generation. Unfortunately, family dynamics can spur conflict and infighting among descendants.
Moving elderly parents into your home can bring daunting challenges and unexpected closeness. Over the past 20 years, parents living with their adult children has become increasingly common.
As parents, we often want to help our adult children who need a financial boost. Many times, this assistance comes in the form of a loan.
Do you expect your parents to leave you a financial legacy? Nearly half of working-age Americans assume that they will receive an inheritance that will support them later in life, according to a survey by financial services company HSBC. Perhaps the bigger question, though, is how to even approach this topic with your parents.
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