June 30th, 2010
Our Comment: Many of us have needed to help our parents handle anything from the normal financial task of paying bills to making major financial decisions. We never seem to know the best time to offer help or ways to help parents understand they need our help. This short article has tips that are good to keep in mind, based on our experiences. – J. David Lewis
By Colleen Reinhart, eHow Contributing Writer
Realizing that a parent needs help coping with finances is hard, but your foresight, help and vigilance can keep your aging mother or father safe, secure and provided for throughout the golden years. Tread carefully when talking about money, since asking for financial help is difficult for World War II-generation seniors used to looking after themselves. Keep your eyes open for red flags that signal financial trouble, prevent problems by planning ahead and act fast if you notice any serious financial issues.
Read the rest via How to Care for an Elderly Parents Finances | eHow.com.
J. David Lewis founded Resource Advisory Services in 1985. National Association of Personal Financial Advisors (NAPFA) was formed only a few years before. Lewis became a NAPFA-Registered Financial Advisor in 1986. He is a passionate advocate for fiduciary, fee-only financial planning and has been associated with financial services since childhood in a banking family. Contact him using email@example.com.