Are You Fighting With Your Aging Parent Over Money?

It’s a common problem these days, with nearly one in seven older people diagnosed with some kind of dementia. These folks lose their financial judgment early in the process of cognitive decline. Caring family members get alarmed, and try to reason with their impaired elder. That leads to conflict, as reason fails. Is there a solution?

Here at AgingParents.com, we hear about this most often when the elder is in their 80s. The adult child seeks advice after discovering that Mom or Dad is getting ripped off by someone, or an institution, or they are wildly spending beyond their means. Financial abuse is a recurring issue. The elder falls for an internet scam or one of the notorious romance scams. The predators on the internet know exactly what they’re doing. They cleverly seek out the vulnerable person, and seduce them into believing that they are for real.