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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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Is Your Aging Parent An Out Of Control Spender?
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