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Do they have a durable power of attorney, and where is it?
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Where do they keep their financial records?
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What are their monthly expenses?
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How can I pay their bills if necessary?
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What kind of medical insurance do your parents have in addition to Medicare?
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What's their income and where does it come from?
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Have your parents done any estate planning?
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If they can no longer live on their own, what can they afford in terms of housing?
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What financial planning have they done?
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Do they have an advance health directive?
10 Things You Should Know About Your Parents' Finances
By
- ID:
- 6988
- First Published:
- 20-Sep-2007
-
found this checklist helpful.
- Summary:
- Know the answers to these 10 elderly parent finance questions. Where do they keep their financial records? Do they have a durable power of attorney?
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