Waiting to talk finance with an aging parent in cognitive decline is a mistake, experts say
Aging, law, and policy consultant Naomi Karp, co-creator of the Thinking Ahead Roadmap, shares why it's so important to pick a financial advocate. The advocate can assist with major financial responsibilities, including:
- Managing daily finances
- Navigating health insurance and other insurance policies
- Managing investments and sources of retirement income (including interacting with a financial advisor)
- Managing home and other property