Financial Caregiving Essential Tips
Your parents took care of you, and at some point, there’s a very good chance you’ll do the same for them. It’s a life-changing experience, not only emotionally, but financially and that’s why preparation is key. Taking these proper steps before a parent or other loved one needs your help or becomes seriously ill, and knowing what to do once they are, can ease the transition:
- Open communication
- Familiarize yourself with their finances
- Simplify bills and deposits
- Understand their insurance
- Get documents in order
- Consider a living trust
- Keep track of everything
- Assemble your team
- Stay on top of your own finances
- Take care of YOURSELF
Learn more and get detailed information from this full article on care.com
