Many of us are starting to notice that our elderly parents are experiencing memory loss which can affect their ability to make sound decisions about their personal finances. But like most, we are prone to making the mistake of waiting too long to act.
The consequences of avoiding discussing these problems can be dire. An elderly parent’s accounts can be closed, credit can be damaged, money can be lost to scam artists and worst of all, their homes could face foreclosure.
There are some steps you can take to avoid financial abuse in elderly dementia or Alzheimer’s sufferers.