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Terry Savage: Aging alone? A trustee can look after your healthcare and financial affairs
Older adults without close family appoint trustees to manage care and finances due to estrangement or distant relatives, addressing gaps banks often do not fill.
- Older adults lacking proximate kin are appointing trustees to manage care and money, as 'Your only relative, a niece, lives thousands of miles away' complicates oversight.
- Distance and family estrangement have left many older adults without proximate kin, while people who never had children or are estranged from them face major caregiving gaps and estates too small to draw bank attention limit institutional support.
- Longtime friends are aging alongside potential care recipients, shrinking informal caregiving networks, while nearest relatives living far, for example a niece, reduce hands-on oversight in local communities where older adults live.
- Appointing trustees immediately affects who manages finances and care decisions, as banks show little interest in small estates, pushing older adults toward private trustees or agents.
- As peers and the broader population age, demand for trustee solutions is increasing, shaping care and financial control for older adults lacking proximate family.
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23 Articles
23 Articles
Helena Independent Record+22 Reposted by 22 other sources
Terry Savage: Aging alone? A trustee can look after your healthcare and financial affairs
What happens when you’ re older and alone— with no one you trust to be there in your time of need? That’ s where Colleen Ceh Becvar steps in. Ceh Becvar started her company, Trinity Advocacy Group, 10 years ago,…
·Helena, United States
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Total News Sources23
Leaning Left1Leaning Right1Center21Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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