Assisting your parents and possibly taking over their finances is a huge responsibility, and a lot more work than you might think. Parents have been taking care of their own finances for decades and often have systems set up for bill pay and money management that only make sense to them. There are times when a lawyer’s advice can be helpful during this transition, especially in regards to wills and naming a Durable Power of Attorney.
This week our attorneys gave us great advice about gracefully assuming the responsibility of your parent’s estate.
Below, we have awarded our attorneys who shared the most helpful advice about estate planning for the elderly. Check back later in the week for our followup article.