Daily money managers can help with bill paying, budgets and even ward off fraud. But trust is essential.
Wall Street Journal – Aging parents may need help managing daily finances to guard against costly mistakes or elder abuse. But for family members or caregivers, it can be difficult to find a trusted individual to do such work. Daily money managers do everything from pay the bills to manage the mail, budget, fill out forms, organize financial papers and keep track of medical and other insurance claims. Even more important, they can help stave off fraud and abuse by being another set of trusted eyes on mom and dad’s accounts.
Read the article When Aging Parents Need Help With Financial Tasks in the Wall Street Journal (You must have an account to read the article)