In the communal world of pre-WWII, aging parents almost always moved in. It was expected because there was usually a local family network that closed ranks and helped take care of the elders.
In the dispersed world of Boomers and the generations that followed, it became a different story. Minus the familial scaffolding, the challenges proved more daunting despite the desire to do the right thing.
It still may turn out to be the best choice for a family. But before they move in, a few screening questions will help clarify the scope and depth of what this choice involves.
It turns out that the power of attorney you so carefully arranged for an aging parent may be rejected by their bank or brokerage firm because it wasn’t drafted on their form. Of course you find this out when your aging parent is incapable of managing his or her own affairs and ironically most likely deemed unqualified to sign a new form. This important article outlines the game plan for yet another inconvenient truth of the aging journey…