The Emotional Issue of Money and Long Term Care Management
April 22, 2020
Family financial matters tend to be a forbidden topic, as well as the root of a variety of arguments, enhanced emotions, and misunderstandings. And for a lot of today’s older adults, who maintain a “Depression mentality” from years of saving for a rainy day and learning to “waste not, want not,” it may be difficult for them to grant access to personal finances to adult children, and to recognize the need to spend some of those personal finances on long-term care management. [Read More...]
One of the toughest struggles and care for seniors is acknowledging the necessity for help with financial matters. Personal finances are both extremely personal and a representation of our independence, and adult children especially can often be met with opposition when stepping into the financial arena with their senior parents.