The call came from Tom, the Executive Director of a local independent senior living facility. One of the residents, Bob, who was in his late 80's, was panicky and told Tom that he didn't have any money. Tom suspected Bob was having difficulty with his personal financial affairs and called Jackie Bell, a Professional Daily Money Manager (PDMM) and a member of the American Association of Daily Money Managers (AADMM).
During Charles and Dorothy's more than 50 years of marriage, Charles always handled the household finances. Paying the bills, maintaining tax records, and sorting through those confusing medical claims and insurance statements ~ all of that was Charles' responsibility, and Dorothy was more than happy to let him take care of it.
Do any of the following situations apply to your aging parent or loved one?