“Anyone anxious about how best to protect aging parents and their assets will find this guide from veteran Wall Street Journal journalist Opdyke…a godsend. A smart comprehensive guide to helping children assist their parents through a difficult time with candor and compassion.” (Publishers Weekly)
“Opdyke (Piggybanking, 2010, etc.) offers sensitive, user-friendly advice for adjusting to those stressful parent-child role reversals…A solid, informative reference.” (Kirkus Reviews)
“This guide offers sound advice for handling the financial issues stemming from medical care and daily living situations for seniors…This is one of the only books to provide clear instructions for adult children dealing with their parents’ financial needs.” (Library Journal)
From the Back Cover
Are you ready for the inevitable day whenyou will have to act as parent to your parents?
Protecting Your Parents’ Money is the essential financial handbook that will help you navigate this confusing and difficult transition, providing a game plan for tackling complex issues like estate planning, retirement income and savings, and long-term health care. Most important, it will help bridge the communication barrier between parents and adult children, which often makes the process much more difficult than it needs to be. Important topics include:
- Personal Finance 101, the Senior Years: The essential definitions and workings of the myriad investment options and financial requirements your parents will deal with in retirement.
- The Move: How to find the right nursing homes or retirement communities, comparing costs and factoring your parents’ assets into the mix.
- Understanding Medicare: What it is, how to qualify for coverage, and what it means for your parents’ finances.
- Elder Fraud: How to look for telltale signs that your parents have been victimized.
Protecting Your Parents’ Money provides the comprehensive guide every loving son and daughter will need to understand and help manage Mom and Dad’s financial concerns.