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Reply to "Do you monitor elderly parents' finances?"
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[quote=Anonymous][quote=Anonymous]OP here. Exactly--they are independent and I think it would sour our relationships in the unlikely event they let me and my siblings monitor their accounts. "Gee, you guys spend a lot on restaurants!" Ugh. My parents have been private about money--it's always a tense topic. [/quote] Well hopefully you’d never say something like that! It should be a watchful eye for large amounts moving around. Perhaps they’d let you or your sibling be joint on an account? You could position it as being able to help them out should something happen to the other? My dad was very open with me about his finances after my mom died. She always handled it, so it wasn’t hard for me to step into the role. Surely in their 90s they recognize there’s a time coming where they may need some assistance?[/quote]
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