New Rockford Transcript - Official Newspaper of Eddy County since 1883

Savvy Senior: What you should know about your aging parents' finances

 

December 31, 2018



Dear Savvy Senior,

My siblings and I don’t know much about our elderly parents' financial situation or their wishes if something happens to them. When mom broke her hip last year, it got me thinking we need to be better prepared. What’s the best way to handle this, and what all should we know?

Tentative Daughter

Dear Tentative,

Many adult children don’t know much about their elderly parent’s financial situation or end-of-life plans, but they need to. Getting up to speed on their finances, insurance policies, long-term care plans and other information is important because someday yo...



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