Aging alone is great, IF your finances are being well managed.

As our population ages, a growing number of individuals find themselves facing retirement without the traditional family support system. This phenomenon, known as solo aging, affects approximately one-third of adults over 50 who are either childless, estranged from their children, or unable to rely on family for assistance.

While legal documentation and financial power of attorney are crucial elements, comprehensive planning for solo aging encompasses much more. It’s essential to assemble a team of professionals capable of fulfilling roles typically handled by family members. This network may include an elder law attorney for legal matters, a patient advocate or geriatric care manager for healthcare decisions, financial professionals for monetary affairs, and local friends or neighbors for emergency assistance.

Financial management is a common concern.

40% of solo agers express worry about needing assistance in this area, according to AARP. Professional Paperwork Services, LLC can provide valuable support not only with bill payment but also with routine tasks such as balancing checkbooks and organizing tax information. Their work also includes tracking cash flow for future bills, opening mail, reviewing medical insurance papers, working with creditors and more.

Nancy Sobin, President of Professional Paperwork Solutions, is a Certified Daily Money Manager who emphasizes close attention to detail and adherence to a strict code of ethics that emphasizes fidelity to the privacy and security of a client’s financial information and other personal data.

The firm is regularly recommended by trust & estate attorneys and wealth advisors for solo agers seeking dependable, affordable professional daily money management services that keep the client’s finances clear, current and well organized.

To learn more, contact PPS or call 609-608-0566 today.

There often comes a time when adult children and their aging parents find themselves in a reversal of roles. The children assume control and make important decisions about the parents’ finances, medical care and other day-to-day needs. This sometimes happens following a traumatic experience for the family, such as a health emergency for the parent.

“Ideally people should approach things before you get to that crisis situation,” said Nancy Sobin, President of Professional Paperwork Solutions, a daily money management firm. Whenever it happens, she added, it’s important that the family will work together to handle issues as they arise.

That’s where Sobin’s company steps in. Their work includes paying bills, tracking cash flow for future bills, opening mail, organizing tax documents, reviewing medical insurance papers, working with creditors and more. And they always work with full transparency to the authorized family members.  more…

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