Managing Your Parents' Money
Like many adults, you could find yourself managing finances for the very people who taught you how to manage yours--Mom and Dad. Although the prospect of taking over your parents' finances may not be appealing, it may allow them to stay in their own homes longer and enjoy relative independence.
Daily money managers can step in to tame personal
Time-pressed professionals and the elderly unable to handle their
daily financial affairs are spurring a nascent business in money management.
These so-called daily money managers say they go far beyond the
role of a traditional bookkeeper. Depending on the needs and desires of a
client, a daily money manager will handle regular bill payment activities,
deposit checks and maintain records.