07.28.2014 | by Lauren Lamb
As people are living longer, an increasing number of children have to take an active role in managing their parents’ care. MetLife estimates that there are 10 million people over the age of 50 in the United States caring for an elderly parent. In addition to the physical care needs of their parents, many children are finding themselves in charge of their elderly parents’ finances. Unfortunately, the children sometimes get an unpleasant surprise when they go through mom and dad’s checkbook.