Finances
Money & Legal

Is My Elderly Parent a Shopaholic?
Adult children trying to curb their parents’ spending habits can find it hard going.

Are Caregivers Responsible for Their Parent's Debt?
“Am I responsible for my parent's debt? What if as a caregiver, I recently discovered that my father has several thousand of dollars of debt. Are parent debts transferable?”

A Caregiver's Guide to Managing Your Elderly Parent’s Investments
How do I as a caregiver make decisions about managing my elderly parent’s or other aging relative’s investments?

Warning Signs That Your Elderly Parent's Finances Are Off Track - And How To Deal With It
How to help your aging parents manage their finances effectively -- and what warning signs indicate that there may be financial trouble.

Tax Tips for Caregivers: Can I Claim My Elderly Parent as a Dependent?
If you are caring for your senior mother or father, you might be able to claim them as a dependent on your income tax return.

Growing Your Aging Parent's Wealth During Their Golden Years
With proper planning, caregivers and their elderly parents can continue growing and creating wealth throughout retirement.

Understanding Reverse Mortgages: The Pros and Cons
A financial option for your elderly parents that is becoming increasingly popular is to use the equity from their home to increase their cash flow.

Is a Reverse Mortgage a good choice for seniors, or are there other options?
Jon P. Beyrer answered: For some homeowners, a reverse mortgage may be the best way to provide income or pay off debts. However, senior homeowners do have other alternatives, which may make more sense than a reverse mortgage. Read Jon Beyrer's full answer.

How do I go about finding a financial advisor for my parent?
Jon P. Beyrer answered: Personal finance is a broad, complex, and ever-changing field, yet just about anyone can call themselves a financial advisor. The advisor you choose must be competent, well-informed, and experienced in the areas of investment management and financial counseling. Read Jon Beyrer's full answer.

How can I help my parent manage her financial information?
Jon P. Beyrer answered: For many caregivers, the resistance you get and the feeling that you are invading your relative’s privacy may leave you less than completely aware of your elder’s finances. But, if you wait until the elder becomes incapacitated to broach the subject of paperwork, locating important documents can be a much more difficult process.