How to Manage Family Finances While Taking Care of an Elderly Parent
Few things can prepare a person for an ailing parent. Leslie Thompson, managing principal at Spectrum Management Group in Indianapolis, recently had a client dealing with his father’s own declining health, as dementia and other physical ailments set in.
Although the father lived in a duplex connected to the son’s family home, it was clear he needed more attentive care. But, now his father’s caregiver, the adult child had to take on more of a role in figuring out what his father could afford.
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