Finances

Biggest Challenge: Finances

--R. 

Response from DM:

Dear R:

Finances for all of us are often very personal matters. If your elder is paying his or her bills in a timely manner, and is not cognitively impaired in any way, then finances should still remain in his or her domain. You can discuss your concerns, but if the senior in your life does not want your advice or your guidance, their wishes have to be honored. After all, it is their money, property, or assets we’re talking about. They have earned them over a lifetime and they are theirs to dispose of or care for, as they desire. If you still feel guidance is needed, ask your senior if a third party might be appropriate, such as a financial advisor. Always make sure that your motives for helping are pure and are for the protection of your senior. It is good to be vigilant. There are many people and organizations that take advantage of our frail elderly. I have a DVD entitled: Saving Our Parents, which covers many of the issues of elder, financial, and other types of abuse. Our seniors need people to protect them on so many levels.

Sincerely,

Dr. Marion