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Mom and dad getting older: Is financial management now a concern?

At the comprehensive estate planning Law Offices of Kimberly Butler Rainen in Andover, a core component of our knowledgeable and empathetic client representation focuses upon elder care concerns.

There are many of those, of course, which can feature in differing ways depending on what might be happening in a given instance.

Adult children understandably worry about their parents as they grow older and display vulnerabilities that are either being seen for the first time or are marked by a progressive showing of lessened capacity.

And they want to help.

Yet they worry, duly notes one recent online overview of interactions between adult children and aging parents regarding the latter's money management. They acknowledge their parents' pride. They respect their dignity. They don't want to offend or to appear pushy or manipulative in any way.

Is there an optimal way to address money matters with aging parents?

Actually not, at least in any boilerplate sense. But a good-faith effort to be considerate, nonjudgmental and smart about the process can easily compensate for a bit of clumsiness. A loving and honest attempt to get real with parents about financial matters in their latter years is a positive first step that can help get things in order. And, notes the above primer, it bears noting that "avoidance may lead to problems down the road."

A proven planning professional can understand the hesitation that many adult children have when trying to reach out in love to parents advancing in years who seemingly need assistance to get their financial house in order.

Seasoned elder law attorneys who work with diverse clientele can offer candid guidance to jumpstart the discussion process and help family members realize that effective estate planning for parents who might need some help is a win-win outcome for the entire family.

And it collectively promotes certainty and peace of mind for every individual involved.

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The Law Offices of Kimberly Butler Rainen
21 Central Street
Andover, MA 01810

Phone: 978-494-6730
Phone: 978-409-1928
Fax: 978-849-8212
Map & Directions

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We are in a 1700s Colonial located on the intersection between Brook Street, Central Street and Essex Street in historic downtown Andover, Massachusetts. The parking lot entrance is located on Brook Street, which is a one-way. From Central, turn down Essex Street. Before reaching the railroad tracks, when you see the St. Augustine Church on your right, take a sharp left turn on to Brook Street, which will turn you back toward Central Street. As you ascend the hill back toward Central Street, you will see large stone pillars on either side of the entrance to our parking lot. We have assigned parking spaces numbered 7 and 10.

From the parking lot, you may take the stairs located on the rear, left-side of the building up to the garden area, where the foyer entrance to our office is located. You can also follow the sidewalk on Brook Street up to Central Street, walk along Central Street past the main house entrance (with a wrought iron gate across the walk way) to an opening in the wrought iron fence, in to the garden area where the foyer entrance to our office is located.