Family Value: When Bankers Tackle Elder Care
If you are looking for help caring for an older family member, you might try giving your banker a call.
That might not seem like an obvious move. But private banks and trust companies say that they increasingly are helping older clients—or parents of younger clients—sort out medical bills, hire in-home care or even manage the sale of a home. Sometimes the bank charges an additional fee for such services; in other cases, they are included in the asset-management or trust fees families already pay.
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