Is Your Aging Parent An Out Of Control Spender?

Reckless spending by an aging parent can create financial consequences for the adult children, who may end up supporting them. Adult children appointed as agents on a power of attorney should not wait or hesitate to use their authority. Scammers abound and they love aging victims with memory loss. Get legal authority if you can. And consider a limited access debit card so you can track and control a parent’s spending.

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