Libraries have shelves full of books on financial and tax planning. You can pull up hundreds of articles and solicitations on the internet in a matter of minutes. It is not Sukham’s goal to provide advice or recommendations on these topics. If you need help with any of these issues, we recommend you do your own research and/or consult a trusted, qualified and experienced adviser. We want to emphasize the importance of having plans and strategies in place to deal with financial and tax issues, and to have a good understanding and oversight of these plans and strategies for both you and your family. We urge you to to visit this issue if you have not done so as yet. Even if you have addressed it, re-visit it once. Are you satisfied with the plan? Do you understand it’s implications? Do you need to revisit it at some point in the future?
We point you to two resources that could be helpful. The CFP Board, a non profit organization that sets standards for the certification of personal financial planners has a handy Consumer Guide to Financial Planning that you may wish to review. AgingCare has several helpful articles on financial planning for the elderly that address a variety of questions related to helping elderly people manage their finances, and provide guidance on these questions and issues.
Again, we recommend that you consult a trained, qualified and experienced professional if you need help or have questions.