Estate planning is essential to most older adults. Still, nearly half of Americans age 55 and older have no will, and fewer still have powers of attorney, a living will, or health care directives. You can use these documents to…
The National Council on Aging (NCOA) reports that American elder financial fraud and abuse amount to between 2.6 and 36.5 billion dollars in lost funds and assets every year. However, NCOA believes elder economic abuse and fraud may be underreported…
Waiting to discuss finances with your aging parent, who may already be experiencing cognitive decline, is a mistake, say financial experts. Gathering all the information you need for a complete financial assessment of their aging needs will require time. Asking…