Watching your parents age is difficult. After they are gone, you may be the one to handle their estate. Administering an estate can be a difficult experience, especially if your responsibilities overlap with your grieving process. Yet, it can also be a very enlightening process.
This has happened more than once. Someone - let's call him Robert Sr. - grants his son, Robert Jr., financial power of attorney for himself. When Robert Sr. becomes ill, Robert Jr. dutifully pays his bills and manages his accounts.
After a close family member has passed away, the last thing you want to worry about is debt that was left behind. A decedent's debts usually disappear upon death. Unfortunately, this is not always the case, leaving mourning family members with big bills to pay.