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Posts tagged "elderly"

Mom Is Getting Married Again-Will I Lose My Inheritance?

A Minnesota Family Is Thinking About Mom

Today I'd like to tell you a story about a Minnesota family that is concerned about their mother. Three adult children, whom I'll call Judy, Jerry, and Jackie all live in the south metro area of the Twin Cities. Their Dad died a few years ago and their Mom has struggled with the loneliness from his passing. Over the past two years, Mom has been seeing a nice fellow at the senior citizens center where she lives. Recently Mom shocked her children when she announced that she and the new fellow, Hubert, plan to marry.

Joint Accounts With Children Can Cause Big Family Problems

Sharing The Account With A Designated Child

When Mom or Dad is in failing health, the adult children may think it is a good idea to put one or more of them on the parent's account and make it a joint account. The idea is that the designated child can deposit the parent's income, pay their bills, and divide up the funds in the account between their siblings when Mom or Dad dies.

Mom Is Not Taking Her Meds

Taking Care of Our Mothers

Many of us have elderly parents and grandparents who we care for. While it may be sending packages or phone calls from across the USA, or stopping by every day at lunch to check on them, we value our elderly mothers and grandmothers. It's no surprise that when we discover that our mother is not taking her medication, we can feel upset or helpless in this situation.

Dad Is Not Taking His Meds

Caring For Our Elderly Parents

Taking care of an elderly parent or grandparent is something that many of us deal with on a frequent basis. As Americans live longer, this is becoming more and more common. Dealing with our parent's care can be very emotional and difficult when problems arise.

What Is A Guardianship?

Protecting Our Loved Ones

It's no secret that as we age, more and more of us are going to require someone else to make decisions for us at some stage of our lives. Our needs will change and we will become more dependent on others for our health and well-being. In fact, many of us are facing this issue now, as our elderly parents and grandparents grow older. Mom or Dad or Grandma may be dealing with an illness, such as Alzheimer's disease, or injury, such as a broken hip, that may require the care or supervision from a trustworthy family member.

Joint Account To Pay For Moms Care

Daughter Is Put On Elderly Mom's Bank Account

Putting a sibling's name on Mom's bank account can be a very bad idea. The solution seemed simple, as Mom was in poor physical and mental health. Daughter Amy was put on as a joint owner on Mom's $300,000 account. Amy's three brothers thought it was a good plan so that Mom's bills could be paid and her medical needs could be taken care of.

Is My Brother Misusing Money Belonging To Our Elderly Grandmother

Brother Takes Care Of Grandmother's Finances

Mary lives in Saint Paul with her grandmother Marjorie, whom she has taken care of for the past four years. Her brother, Richard, offered to take care of Marjorie's finances so the grandmother signed a power of attorney for Richard to take care of her assets and monthly bills. Things went well for several months.

When A Parent Needs A Guardian

Parents Can Become Dependents, Too

We are all acquainted with the process of when an orphaned minor needs a guardian until he or she becomes an adult. But what happens at the other end of the age spectrum, when the parents become physically or mentally disabled and need supervision?

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