What to do when Mom's money runs out
MSN Money has an informative article "What to do when mom's money runs out" that paints some common scenarios when dealing with the issues raised by an aging parent, as well as offering some general advice and resources.
Caring for an elderly parent involves a foray into whole new worlds for most people - medical decisions, long term care decisions, understanding what Medicare does and does not pay for, learning about different types of care facilities and how to finance it all. This is coupled with the huge emotional stress that a family illness causes. However, there are many resources out there to educate and assist you, to whatever level you are comfortable.
Caring for an elderly parent involves a foray into whole new worlds for most people - medical decisions, long term care decisions, understanding what Medicare does and does not pay for, learning about different types of care facilities and how to finance it all. This is coupled with the huge emotional stress that a family illness causes. However, there are many resources out there to educate and assist you, to whatever level you are comfortable.
