Several options are available to assist older family members when they are no longer able to handle day-to-day financial management tasks like paying bills and managing checking accounts, as well as with less frequent decisions related to estate planning and insurance. Options include joint checking accounts, powers of attorney, living trusts, appointment of a representative payee, conservatorship, and guardianship. More information about talking with aging parents about finances is available at this Web site: Talking with Aging Parents about Finances.
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