Personal Finance for Long-Term Investors - The Best Interest cover image

Conversations with Aging Parents - E55

Personal Finance for Long-Term Investors - The Best Interest

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The Importance of Healthcare Proxies

A healthcare proxy or advanced healthcare directive lays out your parents' wishes from a time when they were sound of mind and sound of body. It's important that you draft these ahead of time in case something were to happen. Another big one is how do your parents pay their bills? Are bills being paid automatically? Do your parents write checks every month? In what amount? Where do they send them to? The more info your parents are willing to share, the better.

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