Discussing your elderly parent’s finances could be very sticky. Many older people see the area of finances as private; a place their children (adult or not) have no business being in. However, if you’re caring for a family member aging in place, you’re going to have to broach the subject now or later; and later is going to be a much more difficult situation. If you try to work out a way to get involved without them having to give up all control now, the transition into your managing it for them will be much easier.
Read More: Discuss finances, final wishes with elderly parents
