Читать книгу Protect Your Elderly Parents - Lynne Butler - Страница 18

Your elderly parent might need a trustee to assist with financial decision making if he or she —

• has been taken advantage of financially by scam artists, strangers, or family members;

• answers the door to strangers and is susceptible to being taken advantage of by them financially;

• is making irrational changes to his or her will;

• is transferring assets to friends or family members for no apparent reason, such as selling property to them for less than market value or placing bank accounts in joint names;

• forgets to pay bills, resulting in essential services such as telephone, heat, or water being disconnected;

• forgets that he or she has already paid bills and pays them repeatedly;

• misplaces money, pension cheques, bills, or important paperwork;

• cannot manage small financial transactions such as store purchases or restaurant meals that he or she used to be able to manage;

• neglects to deposit cheques in the bank;

• neglects to complete tax returns;

• unwittingly lives beyond his or her means due to extravagant gifts, charitable donations, or purchases that appear to indicate that he or she does not understand the value of money or the economics of his or her household;

• makes irrational, unnecessary purchases, such as buying cans of dog food when he or she does not own a dog;

• makes large cash withdrawals for which there is no corresponding purchase or bill payment and cannot recall where he or she spent the money;

• has made a recent friend — usually of the opposite sex — who seems to exert a lot of influence on him or her and to whom he or she is giving money or property; and/or

• is physically unable to get to the bank on his or her own.