When and how do children offer to assist their parents with the management of their financial affairs? A few signs that assistance is needed are:
1. a large volume of phone and mail solicitations for money,
2. checkbook errors,
3. unpaid bills, and
4. disorder where there used to be order.
Children should offer to assist with bill paying and financial management. Additionally, the parent should make sure that he has a will, financial power of attorney, health care power of attorney and perhaps a trust in place to enable the child to assist the parent.
