If you own a business, you probably spend time worrying
about things like corporate taxes and payroll
processing. The truth is, however, that if you have an elderly family
member, you may have much bigger concerns on your mind than payroll processing
or anything related to work. The National Endowment for Financial Education
recently released tell-tale warning signs that an elderly loved one is no
longer adept or as adept at handling his or her personal finances. These
warning signs are becoming more common as people are living longer and,
unfortunately, can sometimes appear earlier than expected.
Signs that the organization cautions family members,
friends, and caregivers of the elderly to watch out for include difficulty
understanding or paying bills, decreased mathematical capabilities, impulsive
buys, irresponsible spending of savings, and more.
No matter what other concerns you may have in your day to
day life, you’ll want to take some time out to see how your elderly loved one
is doing financially. If you find there are problems, you may want to step in
and help or to hire a professional service in Naperville that can manage your
elderly loved one’s finances.
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