June 17, 2019
Past issuesFeeds

Grandparenting

When to Begin Managing an Aging Parent’s Affairs

When to Begin Managing an Aging Parent’s Affairs

Legal: When is it the right time to begin managing an aging parent’s affairs? It is difficult for loved ones to know when to step-in and assist an aging parent with his financial and medical affairs. Conversations about money can be uncomfortable and parents may become suspicious or defensive when the topic is raised. They may resist doctor visits out of fear that their capacity is being evaluated. It is no wonder we resist having these conversations no matter how crucial they are. Unfortunately, as our loved ones age, they may lose the capacity to manage their financial and medical affairs and cognitive decline, coupled with isolation, can often make aging parents easy targets for elder abuse, specifically financial exploitation. Read more…

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