Financial Planning

• Checklist - 7 Things to Look for When Choosing a Financial Planner for Your Parents

  Choosing a financial planner is important. Here are 7 things to look for when searching for a smart financial planner.

• Article - What to Expect from Your Trusts and Estates Attorney

  How to help your parent find and work with a trusts and estates attorney on wills, revocable trusts, and estate planning.

• Article - 8 Things to Know About Power of Attorney for Finances

  A power of attorney for finances can be a valuable...

• Checklist - 10 Things You Should Know About Your Parents' Finances

  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?

• Checklist - 10 Things to Consider Including in a Will

  10 top issues for your parents to consider before writing their wills, including how to divide their property and who will receive it.

• Article - Reverse Mortgages: A Beginner's Guide

  Reverse Mortgage: A Beginner's Guide. A free informative guide on reverse mortgages.

• Article - Warning Signs That Your Parents' Finances Are Off Track

  Eight warning signs that your parents may need help with bill paying, financial planning, and daily money management.

Questions & Answers

• Question - What are reverse mortgages?

  This question has been answered by a Caring.com Expert

• Question - With no assets and cash, how can I pay for my own final expenses?

  This question has been answered by a Caring.com Expert

• Question - How does a reverse mortgage affect the equity 5 to 10 years down the road?

  This question has been answered by a Caring.com Expert

• Question - How can I convince my parents to accept my financial help?

  This question has been answered by a Caring.com Expert

• Question - My parents just deeded their home to me for $1.00. Do I still qualify to be gifted the 2008 $12,000.00 amount without being gift taxed?

  This question has been answered by a Caring.com Expert

• Question - Is there a minimum amount below which Medicaid doesn't bother to check asset transfers?

  For nursing home coverage, Medicaid may look at how the applicant has spent any amount, or transferred property, over the previous five years.

• Question - What tax issues should we be aware of when my dad cashes in his saving certificates and retirement CDs?

  Unanswered. Can you help?

• Question - Is there any financial aid available for buying a home to house my family and my parents, who need me to care for them?

  This question has been answered by a Community Member

• Question - What type of life insurance should we get for my 79 year old mother?

  Unanswered. Can you help?

• Question - How do I make sure my mother's personal information travels with her?

  This question has been answered by a Caring.com Expert

• Question - Do my parents need to get divorced to qualify for Medicaid?

  Should my parents get a divorce so that Dad can get Medicaid? It's possible that they won't need a divorce for him to qualify for Medicaid.

• Question - How should my father balance estate planning, tax planning, and Medicaid planning?

  This question has been answered by a Caring.com Expert