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Reply to "What is a good way to help support an elderly parent financially?"
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[quote=Anonymous]Years ago my grandmother would spend money on frivolous things then have bills go unpaid. What my father and uncle did is create an account that her social security and pension went into. Then from this account they paid the bills themselves. They gave my grandmother a monthly allowance to spend however she wished. My grandmother was not happy about this situation initially but got used to it. FWIW, she did end up being diagnosed with dementia.[/quote]
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