Families are often alarmed when they see an older loved one losing the ability to manage their affairs, whether that’s paying bills or understanding how to take medications. They might be unsure how to help or frustrated in trying to work with banks or healthcare providers.
Conversations about personal finances and health are never easy, but the best time to have them is when older adults are healthy and mentally sharp. Having the conversations sooner rather than later empowers seniors to make their wishes known and to designate who may act on their behalf should the need arise.
When those conversations don’t take place, family caregivers are left to untangle loved ones’ personal affairs on their own.