Tag - Boomers

July 2017

power-of-attorney-dealing-with-parents-debts

Can power of attorney help you manage your parents’ debts?

When a person struggles to manage their finances, someone else may obtain power of attorney to assist them or to manage their finances for them. This may be the case for an older person who, even though they are still lucid, are unable to manage their budget. When that person has children, power of attorney is generally granted to one of them, provided they are at least 18 years of age. (more…)

July 2014

more boomers and elders forced to file for bankruptcy

During retirement, more boomers and elders are forced to file for bankruptcy

No one wants to be forced to file for bankruptcy. Especially if one is at the dawn of retirement, or already retired. However, statistics from the Office of the Superintendent of Bankruptcy Canada demonstrate clearly a sharp increase of the bankruptcies amongst these populations. (more…)