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

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 pare...