A frequent challenge for children of seniors who are beginning to fail is how to help them with their finances without taking away their autonomy or getting into a tug-of-war over the issue. Concerns often arise when visiting children find that bills have not been paid, papers are in disorder, or even that utilities have been cut off. It's not unusual to find parents defrauded by predators or going on a spree on the Home Shopping Network.
As highlighted in a recent article in The New York Times, an increasing number of seniors who need assistance are receiving that care from other seniors. Most commonly the caregivers are the spouses of the care recipients, but older paid providers are a close second.
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