Money Management for the Person with Dementia
Money and finances are tricky and controversial topics to begin with — very personal. That sensitivity can be magnified when discussing the need to manage money for loved ones with Alzheimer’s or other dementias. When a person is deemed no longer capable of handling their affairs, a guardian or power of attorney or other system may be set up to manage their assets. These informative tips can help you before you reach that stage and help those who may be charged with your care, as well as those who are currently caring for a loved one.
Here are some things to remember before you might become dependent on others for money management.