Managing finances for some of our aging parents is a challenge.
And the older people get the bigger an issue it becomes, especially when individuals lack assets, substantial home equity, savings, etc. and still require around the clock care. If you haven’t read A Bittersweet Season, by Jane Gross, you should get a copy, just to learn about all the issues she encountered and attempted to solve during the last year of her mother’s life.
Another thoughtful post appeared over at the Life With Father blog. In his April 25th post, Money, Chuck writes about the challenges of managing his father’s finances — his father is in a nursing home — while money slowly runs out.