A BMO Wealth Management sponsored survey by ValidateIt Technologies Inc. reported that 13% of respondents worried about becoming a victim of abuse, neglect or fraud. Learn more about the other top concerns reported.
In a survey of 500 people who identified with the Elder Orphan Facebook Group of 8,500 members, 70% of them stated that they had not identified a caregiver and 35% said they did not have friends or family to help them cope with their new challenges. Read more to learn how this group of ‘solo agers’ don’t need to go it alone and can get the help they need.
A more common name for what we used to call an “Executor” of a Will is now a “Personal Representative”. In this article, we explain why designating a sole representative is better than expecting multiple representatives to work together – like your children.
One of the first signs of cognitive aging, the process by which cognitive abilities decline with age, is problems managing one’s own finances. Cognitive aging also puts a person at a greater risk for fraud and exploitation. Learn about the Seven Steps to Prepare for Cognitive Aging.
Aging seniors, especially elderly individuals who live alone and manage their own financial activities, sometimes create habits of spending money “collecting” items or splurging on mail order advertisements. Here are some helpful ways to approach and manage spending habits that will be of use to seniors and their family or caregivers.
This article explores what solo aging is and some of the challenges it presents to those without children or obvious caregivers. We delve into the topics of money management, investments and financial decisions, as well as legal representation.
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