Sunday, January 15, 2006

finances

Older individuals should carefully plan their financial assets. It is important to discover and secure all the resources that are available. It is also important to know the legal ways to transfer financial responsibilities in the event that the older person should become mentally incompetent or physically unable to manage his or her own affairs.
See also INFLATION; LEGAL REPRESENTATION; MEDICAID; MEDICARE; SOCIAL SECURITY; SUPPLEMENTAL SECURITY INCOME.
Gillies, J. A Guide to Caring for and Coping with Aging Parents. Nashville: Thomas Nelson Publishers, 1981.

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