Carefully doesn't currently offer that option. Its current services focus more on detecting financial mistakes common among older adults and monitoring credit and identity for misuse.
Cameron Huddleston 544 Carefull Family Finance Expert
In addition to being Carefull's family finance expert, I'm an award-winning personal finance journalist and author of "Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances." I also was a caregiver for 12 years for my mom, who had Alzheimer's disease.
Do you have questions for Cameron Huddleston?
Log in to ask Cameron Huddleston questions publicly or anonymously.
I applaud you for wanting to help your parents tackle their debt. However, you need to go about it carefully. Your parents might be embarrassed about their situation,so they might become defensive if you approach this the wrong way.
Start by reaching out to your parents' financial institutions now and notifying them of your power of attorney status. If you can go with your parents to their bank (and other financial institutions) to show the bank that POA document,... (More)
I'm sorry to hear about your mom. That's a tough situation to be in.
There are a few things that could affect whether you'll need to help support your mom. If she has very limited income and assets, she might... (More)
Zoe -- I'm sorry to hear about your dad. Unfortunately, Medicare does not pay for long-term care in assisted living facilities or skilled nursing facilities. However, there are some other options.
-Medicaid: If your dad has very limited income and... (More)
Start by casually asking if she needs help with anything -- perhaps a financial task that she really doesn't like doing. For example, you could say something like, "Mom, I was wondering if you use automatic bill pay. I've found... (More)
Great question! I would discourage you and your parents from using a free or low-cost power of attorney document that you can find online. These documents make getting power of attorney cheap and easy. However, it's much better for your... (More)
Joseph -- I just wanted to add one more suggestion in addition to John's great tips. I would encourage you to sit down and have a conversation with your mom about which organizations and causes she cares about most. Help... (More)
There are a few ways to help a parent with daily money matters if your parent is reluctant to name you power of attorney.
Start by helping with tasks that don't require that you be your mom's power of attorney,... (More)
I hate to answer your question with more questions, but here goes:
Is your brother your father's power of attorney? Is there another family member who is appointed power of attorney and can step in and start managing your dad's... (More)
The free summit will be hosted here in the Carefull Community. It begins June 15, and we will be featuring three interviews with experts today. Then we will feature one interview a day over the next several days. Here is... (More)