Yahoo Now –The holidays are a time when far-flung relatives get a chance to reconnect, especially after the disruptions that the COVID-19 pandemic created during the past two years. Family members visiting elderly relatives can use the occasion to keep an eye out to make sure that parents, grandparents and other family members are not being financially abused. Here are some tips on doing that well.
One option for far-away relatives is hiring a daily money manager to help them manage their ordinary financial matters, such as paying bills, reviewing insurance bills, compiling tax documents and monitoring accounts and other money-related matters. The American Association of Daily Money Managers requires its members to provide ongoing background checks.