Taking Over Affairs for an Aging Parent in Mental Decline
From the U.S. News & World Report website
When his mother could no longer fend for herself, William Pabst learned there’s no playbook for assuming a parent’s medical, financial and legal affairs if their mental capacity quickly deteriorates. And when his mother passed away in the fall of 2020, difficulties and frustrations continued.
Having power of attorney makes it possible to assume a parent’s financial responsibilities – but not necessarily easy. Barriers can remain in the form of institutional procedures and online security measures. The effort to sort it all out drains more time and effort than adult children could ever expect.
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