Friday, October 16, 2009

Taking Care of Parents Also Means Taking Care of Finances

With an increasing number of active adults in Staten Island and an increasing number of seniors, more and more families are finding that they need to plan for their parents to be part of their financial planning. This article from the NY Times provides some interesting insight on planning for the elderly. The article covers talking to parents about their finances, ensuring all their legal pares are current, have been created if absent and are in order, as well as how to go about finding geriatric care.

The article also is a reminder that Staten Island is woefully short of active adult and senior housing, other than communities like The Club at Clove Lakes Park, the recently announced Seaview projects, Sunrise Assisted Living, and The Tides at Charleston.

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