“Managing Your Elderly Parents’ Finances”
In keeping with yesterday’s post about elder law and advanced directives, here is another link to a podcast about these topics. Last Thursday, The Diane Rehm Show, sans Diane Rehm, discussed managing an elderly parents finances.
Here is a description of the podcast:
Millions of elderly Americans suffer from dementia, Alzheimer’s disease and other disabilities that make them unable to make decisions about their finances. About a quarter of all people over the age of 65 rely on relatives, often their children, for help managing their money and assets. But the task of caring for elderly parents and managing their bills and property can be overwhelming and time consuming. It can also be filled with ethical and legal pitfalls and a source of family conflict. Join us for a discussion about the best ways to manage an elderly relative’s money.
Guests
Sally Hurme,project adviser, education and outreach at AARP.
Naomi Karp,senior policy analyst, Office for Older Americans, Consumer Financial Protection Bureau.
Elizabeth Loewy,chief, Elder Abuse Unit, Special Victims/Special Prosecutions Bureau, New York County District Attorney’s Office.