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Author Archives: Janet Smytherton
When Should You Get Involved In Your Parents Finances
How will you know when your elderly parents needs help managing their finances? There may be small signs along the way that everything is not as it should be. There are a few things to keep your eyes open for. One sign is if they no longer balance their checkbook or even have checks returned for insufficient funds. If they have fallen for one of the many scams that target the elderly, this may be another sign. I remember when my mother told me that she had to send money to each charity that sent a request so that they would stop sending the appeals in the mail. Clearly, this didn’t work and she didn’t understand why. Another thing to watch out for is when they send payment for the wrong amount, for example a check for $1200 for a $12.00 bill. Continue reading