August 24, 2014

Ask Nancy: When your parent needs help with financial management

Q. My 85-year-old mother, who is still in pretty good mental and physical shape, has recently showed signs of confusion about her finances. She lives off the principle of her portfolio and is sent a check every month from her financial advisor. Although she is not overly extravagant, I am concerned that she is over-spending. Last year she added me to her bank account. Do you think it would be wise for me to set her up with online banking so that I could monitor her spending?

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