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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] And you have proof that at least your mother is no longer managing her money responsibly. The conversation should be "Eventually you will need our help, and if something were to happen suddenly - like an accident or stroke -- and you couldn't authorize access to your accounts, it would be very, very difficult for us to help you. We don't intend to police your spending, but we will ask questions if something unusual arises -- like the money mom sent to the scammers." [/quote]
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