Adult Children with Aging Parents

Adult children are often faced with the daunting task of managing the finances of a parent who can no longer do so themselves.

With the utmost sensitivity to the changing nature of the parent–child relationship, we help organize the parent’s finances to support them without exhausting their money. In addition, we help with:

  • Finding and consolidating the various assets and accounts to simplify ongoing management
  • Repositioning the overall portfolio to support the parent’s needs while avoiding excessive gains during the repositioning
  • Ensuring estate documents and account titling are in place and up to date
  • Providing funds as needed to support the parent
  • Reviewing options for assisted living for the parent should the need arise

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A Framework for Helping Parents with Finances

A Framework for Helping Parents with Finances

Stepping in and helping parents with finances can be a challenge. In some instances, the parent needing the help may have managed finances for decades and be reluctant to accept help. At the opposite end of the spectrum, the parent may be a recent widow or widower who...

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