Whose Money Is It Anyway?

Whose Money Is It Anyway? | Michael Fliegelman

{3:36 minutes to read} When clients or individuals reach the age of 80-85, sometimes their health is failing. Health care decisions may be made by others (many times the adult children), the appointed health care proxy, or the health care agent. This same adult child/children will also be left in charge of the money decisions. Recently, I had the experience of seeing how that can create a lot of problems. A client, Ann, had a father with Alzheimer’s. Ann’s father had some money, yet Ann looked at the financial assets of her father as her potential inheritance. Ann is not alone in her view.

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