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Eldercare
Reply to "Major financial mistakes/scams--should adult child take over?"
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[quote=Anonymous]When my mom went into assisted living years ago, I took over her finances. This was because she absolutely had to give it to me. She resisted giving up control for far too long, and not until a huge amount of money had been wasted (much more than $60k). If I'd known how bad it was, I would have stepped in years before, but she was very secretive and refused to share any information until disaster was imminent. It was crazy how much stupid stuff she was subscribed to, and how hard it was to un-subscribe. Eventually I had to close her checking account and open a new one elsewhere. She'd also been scammed by various people. It was absolutely maddening trying to get her to stop throwing money away. One time the last thing I said before I went out the door was "do not write any more checks to anyone for any reason". Then when I came back, I discovered that [i]the very same day I left[/i], she'd written a $2,000 check to someone. So yeah it's tough.[/quote]
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