Avoiding financial landmines for seniors
As the seniors in your life age, it is especially important for family members or legal representatives to keep a close eye on their finances.
The slow progression of dementia can manifest early on with poor judgment surrounding financial matters including allowing insurance policies to lapse, or forgetting to manage certain investments correctly. It can also become apparent in more obvious ways such as not paying bills on time or overpaying, or difficulty with simple math, and struggling to pay at a check-out counter. Older adults are also vulnerable to financial abuse and scams and should be reminded of red-flags.
