What is a good way to help support an elderly parent financially?

[Anonymous]

Anonymous wrote:

Anonymous wrote:As I dug deeper I realized we just let him guilt his children to hell. He is doing the same to his grand children as well. Telling my 8 year old daughter "dont trust your mother", "your mother does not care about me", "you dont care about me". All because.... we did not take him out to buy a..... lottery ticket.

This is about cognitive decline, not about him being a terrible person. Does he see a doctor who specializes in working with elderly people? When was his last physical?

I think he probably needs more daily care and help than he lets on. If he had some regular supervision m he wouldn’t be able to spend inordinate amounts of money.

How old? If this is a lifelong pattern, then it could all be personality. But if 80s, could have poor judgement due to cognitive impairment. Another reason to have more control over the finances, eg paying large bills as others suggested. Smaller amounts in greater frequency, maybe every 2 weeks spending money.
Finally you and DW need to agree on what the limits are, or this will aggravate your marriage.