01/31/2023
It is as hard for us to take control of a parent’s financial life as it for them to lose any of their independence and financial freedom. We do not want to accept our parents’ weaknesses. They have always been proudly independent, made sound financial decisions and have survived the many financial struggles that came with raising their family. What are some options that might be best for your family?
Adult children worried about their parents’ ability to spot and avoid fraud have several options to help protect them, including a durable power of attorney, a guardianship and a revocable trust. Which might be best for your family?