Keeping your beloved ones from being overwhelmed
As your parents' age, you may notice a decline in their ability to handle their finances. This natural side effect of aging is common among adults as they venture further into their 60s and 70s. The degree of cognitive decline can vary dramatically between seniors, but in many cases, it’s only a matter of time before your parents or loved one will require some level of assistance.
According to a study conducted by the National Center for Help Statistics, five to 10 percent of older Americans need some degree of help with money management. Some telltale signs that your parents may need a helping a hand include:
- You notice unpaid bills, second notices, or bills paid more than once.
- You see stacks of unopened mail.
- You find unusual purchases on debit or credit card account statements.
- You discover contributions to charities or causes your parents haven’t supported in the past.
- You observe your parents struggling with activities of daily living (ADLs), such as maintaining personal hygiene or getting dressed.
- You notice signs of scams or fraud.
Taking care of your parents’ finances can be a big undertaking. Depending on their condition, they may require more care than you can give. We provide money management services to support everyday financial tasks for clients.
Our comprehensive services include:
- Cash flow reporting
- Managing and paying monthly bills
- Tax Preparation
- Organizing tax records
- Balancing checkbooks
- Negotiating with creditors
- Notary services
- Payroll management
Learn how our firm has been helping firms like you for 30+ years.