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Friday, November 23, 2018

Older adults without children: A growing group

I'm pretty sure I don't know anyone who decided to have children only because they wanted someone to look after them in old age. But children are the logical caregivers as their parents age. Parents name their children as the executors of their wills, and their substitute decision-makers in the event of dementia or injury. So who looks after someone who does not have children? Who can they rely on? How is their planning different than plans made by someone who does have children?

I've come across a very good article that discusses the fact that the number of older people without children is increasing. It talks about several areas of planning that people must address and gives several ideas about how to address them. Click here to read the article from the Society of Certified Senior Advisors. I found it to be a thorough and realistic article.

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