Comments on: Are You Ready To Manage Your Parent’s Money And Healthcare? http://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/ A place to discuss money...for the rest of us. Thu, 24 May 2012 01:22:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Pinyohttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26734 Pinyo Wed, 28 May 2008 11:48:39 +0000 http://www.mytwodollars.com/?p=1500#comment-26734 I have been slowly working with my parents on their finance, but it's a challenge. They are quite old school and stubborn. :-) I have been slowly working with my parents on their finance, but it’s a challenge. They are quite old school and stubborn. :-)

]]> By: PF Buzzhttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26733 PF Buzz Wed, 28 May 2008 06:43:28 +0000 http://www.mytwodollars.com/?p=1500#comment-26733 <strong>Personal Finance Buzz...</strong> Your story was featured in PF Buzz! Here is the link to vote it up and promote it: http://www.pfbuzz.com/Insurance/Are-You-Ready-To-Manage-Your-Parent-s-Money-And-Healthcare... Personal Finance Buzz…

Your story was featured in PF Buzz! Here is the link to vote it up and promote it: http://www.pfbuzz.com/Insurance/Are-You-Ready-To-Manage-Your-Parent-s-Money-And-Healthcare…

]]> By: Monday Morning Link Love | I've Paid For This Twice Already...http://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26720 Monday Morning Link Love | I've Paid For This Twice Already... Mon, 26 May 2008 14:38:59 +0000 http://www.mytwodollars.com/?p=1500#comment-26720 [...] Two Dollars: Are You Ready To Manage Your Parents’ Money and Healthcare? Nope. My family didn’t really talk about stuff like this - I am going to have to try and [...] [...] Two Dollars: Are You Ready To Manage Your Parents’ Money and Healthcare? Nope. My family didn’t really talk about stuff like this – I am going to have to try and [...]

]]> By: Weekly Round-Up Announcing the Book Winnerhttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26708 Weekly Round-Up Announcing the Book Winner Sun, 25 May 2008 13:52:48 +0000 http://www.mytwodollars.com/?p=1500#comment-26708 [...] asks Are You Ready To Manage Your Parent's Money And Healthcare? This is an important question to ask if your parents are getting up in [...] [...] asks Are You Ready To Manage Your Parent’s Money And Healthcare? This is an important question to ask if your parents are getting up in [...]

]]> By: Davidhttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26647 David Wed, 21 May 2008 18:45:14 +0000 http://www.mytwodollars.com/?p=1500#comment-26647 Thanks Kathy, will definitely keep that in mind and I appreciate the offer! Thanks Kathy, will definitely keep that in mind and I appreciate the offer!

]]> By: Kathy@brazoscowgirlhttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26646 Kathy@brazoscowgirl Wed, 21 May 2008 18:31:46 +0000 http://www.mytwodollars.com/?p=1500#comment-26646 One more thing that I think helped me make peace with my mom's journey thus far is she did her Power of Attorney, her Living Will and some other forms when she was perfectly crystal clear. Also remember they are not going to remember they made these decisions, and a power of attorney for the family allows you to make some changes to their life that may have not been anticipated. Long Term Insurance has benefits and challenges. Many are network oriented, sort of like HMOS. You can go to Assisted Living but only certain ones. Check out fully any of them. What works when your parent is great health may not when their health is failing. David anything I can help you with let me know it is mindfield out there! My brother helped me walk the tightrope! One more thing that I think helped me make peace with my mom’s journey thus far is she did her Power of Attorney, her Living Will and some other forms when she was perfectly crystal clear.

Also remember they are not going to remember they made these decisions, and a power of attorney for the family allows you to make some changes to their life that may have not been anticipated.

Long Term Insurance has benefits and challenges. Many are network oriented, sort of like HMOS. You can go to Assisted Living but only certain ones. Check out fully any of them. What works when your parent is great health may not when their health is failing.

David anything I can help you with let me know it is mindfield out there! My brother helped me walk the tightrope!

]]> By: davidhttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26645 david Wed, 21 May 2008 17:39:57 +0000 http://www.mytwodollars.com/?p=1500#comment-26645 I agree Kathy, there is way more. This is just a starting point for most people. I agree Kathy, there is way more. This is just a starting point for most people.

]]> By: Kathy@brazoscowgirlhttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26644 Kathy@brazoscowgirl Wed, 21 May 2008 17:36:51 +0000 http://www.mytwodollars.com/?p=1500#comment-26644 This is just skimming the surface actually. Since I have handled my mom's affairs for over two years, and my brother handled my dad's you need quite a bit more than this states. You need to go with your parents to an attorney that is well versed in estates. This helps you know you have everything in place. The list is long what they missed. But just know it is not easy, but those who have done it can help you the most. This is just skimming the surface actually. Since I have handled my mom’s affairs for over two years, and my brother handled my dad’s you need quite a bit more than this states.

You need to go with your parents to an attorney that is well versed in estates. This helps you know you have everything in place.

The list is long what they missed. But just know it is not easy, but those who have done it can help you the most.

]]> By: Smart Spendinghttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26642 Smart Spending Wed, 21 May 2008 13:24:01 +0000 http://www.mytwodollars.com/?p=1500#comment-26642 <strong>Report: Stay-at-home moms are worth 6 figures a year...</strong> Want proof that stay-at-home moms would be earning a pretty good income if they were getting paid for their work? A report by Salary.com says the time SAHMs spend on 10 "mom job functions" -- including housekeeper and psychologist -- would bring $116... Report: Stay-at-home moms are worth 6 figures a year…

Want proof that stay-at-home moms would be earning a pretty good income if they were getting paid for their work? A report by Salary.com says the time SAHMs spend on 10 “mom job functions” — including housekeeper and psychologist — would bring $116…

]]> By: Jeff@MySuper-Charged Lifehttp://www.mytwodollars.com/2008/05/21/how-to-handle-your-parents-money/#comment-26641 Jeff@MySuper-Charged Life Wed, 21 May 2008 12:37:56 +0000 http://www.mytwodollars.com/?p=1500#comment-26641 David - These are some great tips! My mother hasn't been the greatest manager of her finances over the years. As a result, I know her retirement years are going to be financially challenging for her. Of course, this means that I might need to help her from time to time. This article has given me some things to think about. David – These are some great tips! My mother hasn’t been the greatest manager of her finances over the years. As a result, I know her retirement years are going to be financially challenging for her. Of course, this means that I might need to help her from time to time. This article has given me some things to think about.

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