Adult son of a well-to-do real estate investor began to notice that his father, Wealthy Dad (WD), was slipping. WD was becoming forgetful. He had purchased a lot of real estate in his younger days, and owned eight single family houses in one of the most expensive markets in the U.S. He gradually lost the ability to manage his rental homes and other investments. Adult son (AS) who was a successful professional, began to feel a sense of panic. Those houses were falling apart, he knew, but he did not realize how bad things had gotten. AS knew that the burden could fall heavily on him as WD’s heal ..read more

Our elders love their independence, for the most part. Perhaps over time, their chronic health conditions start to erode their abilities to do some things independently. In the absence of a sudden event, like a fall, the slow decline in physical ability may not be obvious when family visit their loved ones. And at some point, the activity your elder has always done on their own becomes dangerous. But how can we tell when they reach that point?  The “Activities of Daily Living” and Safety  The medical community and home care providers often refer to how well a person can do at home by ..read more

A new study published in the New York Times demonstrates some startling findings about loss of ability to make money decisions in older people. The study approaches the issue by looking at debt accumulation and reduced credit scores in elders long before being diagnosed with Alzheimer’s disease or related dementias. The team of economists and medical experts looked the combination of Medicare records and data from the credit bureau, Equifax. Their research was comprehensive, extensive and credible. They found that people fall behind in paying their normal debts like mortgages and credit card b ..read more

The battle goes on with aging parents who are living alone or without family nearby and their adult children. From the kids’ point of view, their parent is just not safe in that big house anymore, with the declines that often come with aging. Perhaps the elder has lost a spouse or partner and there is no one left to watch out for them. The family tells them they should move. They explore senior living situations. They urge and argue with the aging parent. They’re worried, and justifiably so. Frail elders are not safe living alone, generally. The Aging Parent’s View If you happen to have an eld ..read more

You’ve heard the adage “use it or lose it”. It’s particularly apt in describing what happens as we age. Typically we move less, lose muscle strength, and suffer the consequences of losing independence, have greater fall risk and other undesirable things. At the beginning of each year, people commonly make New Year’s resolutions to lose weight, or somehow “get in shape”. But, we also know that most people don’t keep those resolutions very long and eventually just give them up. A Key To Independence Here are some thoughts on what any older person can and must do if you don’t want to lose your in ..read more

Have you ever heard the term “undue influence”? Most people don’t really understand what it means.  Is it just some weird legal thing? Or should you understand it? When it comes to seniors and financial abuse, the term becomes very important, because undue influence often leads to financial abuse.  The legal concept of undue influence goes way back in history to the 1600s.  A lot of our law in the US is based on what our British ancestors did.  And sure enough, there is an old case in which a woman pretended to love an older man and pressured or influenced him to give her a ..read more

Few things symbolize our independence like driving a car when and where we want to. For aging parents, there is nearly always an end to that independence at some point. But when do they reach that point? Often, aging parents’ gradual decline in ability can be hard to spot when adult children don’t live with them. In my own family, we were fortunate. My mother-in-law, Alice lived to be 96. When she finally relented at age 93, and moved into a seniors’ community, she voluntarily gave up the car. We breathed a sigh of relief and sold it promptly. For lots of other elders we hear about at AgingPar ..read more

Dr. Peter Attia, MD, has written an excellent book on how to keep ourselves from getting common chronic illnesses with aging. It’s Outlive: The Science & Art of Longevity, which offers a clear strategy to avoid these illnesses. He refers to those which kill the majority of Americans as the Four Horsemen. They are heart disease, cancer, neurogenerative disease, and type 2 diabetes (and related metabolic dysfunction). He encourages the use of proactive tactics to keep us living well and longer in good health. It is not new to hear from a qualified medical expert that we need to prevent chron ..read more

For a long time, we were entitled to only an annual credit report from the three reporting agencies: EquifaxEFX, Experian and TransUnion. Now you can get a report weekly and for free. When you get a parent’s credit report, you can find a lot of information. Your aging parents may be spending more than they or you realize. They may have multiple credit cards you don’t know about. Even worse, they may be unable to competently track and pay their bills and have unpaid debts. That can cause some serious problems for you down the road. One important factor to bear in mind is that when an elder begi ..read more

American families are often scattered across the country. Kids grow up, find opportunities they like in other places and move away. The parents may stay put, happy to remain where they’ve lived most of their lives. Then aging happens. And with it, risks no one really thought about. At AgingParents.com, where we advise families about age-related issues, we see this repeatedly. A concerned adult child in one state sees red flags of Mom or Dad being in trouble in their home state and it’s far away. What to do? Here’s a real-life example: Case Study Zita is in her 50’s working full time, and gener ..read more