Has your parent always been good with money, but lately is having trouble with finances or making change? This could be a strong indication that they are experiencing dementia related symptoms.

When my friend, Margie helped her mom move into a new apartment, she didn't know it would cause money problems. Her mom, Emma, had always been good with money. She raised five girls by herself while also taking care of her elderly mother. But Emma’s new apartment was further from her friends and family and she was reluctant to drive in a new area, so she began keeping to herself and spent a lot of time watching the shopping channels. It didn't take long before Emma was deep in debt.

Emma’s problems were two-fold – loneliness and cognitive decline. If your mom or dad are beginning to have problems with money, don't wait to get involved. One of the top 10 early signs of Alzheimer’s includes having trouble making change and balancing a checkbook. Bad money choices are also an indicator. If an elder begins giving large amounts to charity while neglecting to pay their regular bills, trouble is brewing.

I strongly encourage you to get your parent to the doctor and see if dementia is the problem. Money is a touchy subject for many older people, but don't let that stop you. Addressing this issue as a medical problem will be more effective than starting with the money issue, but it also will have to be dealt with.  

Medical and financial documents can prevent more damage from being done. Medical Directives, Living Wills, Durable Power of Attorney and Estate Planning documents can save the whole family from needless heartaches.

Margie’s mom was very fortunate to have children who stepped in. They were financially able to bail her out and began helping her with her finances. Taking away an elder’s financial freedom might be even harder than taking away their car keys, but leaving them open to fraud and financial ruin is unacceptable.

Has your mom or dad experienced new money problems? Sharing those stories could help someone else understand their parents.

 If you or a family member is going through a crisis, I want you to know that you are not alone. The support and education you need is available at your fingertips from expert care professionals at Lutheran Homes of Michigan. You may talk to a real person who does have the answers, without any obligation by calling 989.652.3470 or by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

---

Share this article with your friends...

| More...