Growing up, you relied on your parents to take care of you. But for many people, the time comes when those roles reverse, and they find themselves providing some level of care for a parent or older relative. If you find yourself in this situation, helping someone make sense of their finances can be stressful for both parties.
For example, do you have complete information about their income, including pensions or retirement funds? Do they need to downsize their living situation or make other lifestyle changes? At GCW Capital Group, we can help you with these complicated decisions. Watch this quick video for an easy checklist of what you need to keep in mind when helping an older relative with finances.