“Making the call [on elder fraud] is simple when the thief isn’t related to the client. But when the miscreant is a child or grandchild, family dynamics can muddy an otherwise clear situation.”

I was recently interviewed about when asking for financial help from an aging parent transitions from business as usual to taking advantage. My experience has been that many prefer a professional bring this up within the family first rather than immediately reporting to authorities. What’s considered “normal” in terms of financially relying on a parent varies greatly between families.

How would you prefer to handle the situation?

Read the whole story at financial-planning.com

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Transition Triggers by Powwow, LLC

Transition Triggers eBook

Whether you’re concerned about driving or dementia, this workbook will help convey the timing and solutions your loved one is comfortable implementing. Completely change the conversation on elder care so aging parents feel empowered to age gracefully rather than stripped of independence.