You won’t have to pay your parent’s debt out of your own pockets unless you co-signed for that debt with your parent, you are a joint account owner, or you jointly owned property with them.
One of the big challenges of helping aging parents with their finances can be trying to piece together their financial picture, especially if your parents don't remember all of the details. Here are some tips to help you with your search.
Taking over your parents' finances and keeping things organized can feel daunting. Consider tackling one task at a time using this month-by-month guide.
If you’ve been helping Mom or Dad with money matters, you might be wondering: “Should I open a joint bank account with my parent?” There are a few factors to consider when making this decision. Here's what you need to know.
Your parents might need help with their finances as they age, but they likely won’t reach out to you for help as their financial skills start to slip. Here are 6 signs it might be time to talk to your parents about their finances.
If you’re already a financial caregiver, or if you’re soon to become one, you don’t have to figure everything out on your own. This step-by-step guide will walk you through everything you need to know about being a financial caregiver.
For those of us who care for our aging parents, social distancing has made everything more challenging. But when it comes to day-to-day financial tasks, there are still plenty of ways to get the job done.
Use these strategies to make it easier to handle money matters for Mom and Dad and to ensure that nothing slips through the cracks.