Posted
on Thursday, January 29, 2026
in
FInancial Management & Trust Services
As our parents grow older, the financial responsibilities they once handled confidently can become more difficult to manage. Subtle shifts—like unopened bills, confusion about everyday expenses, or unusual account activity—may be early signs of memory challenges or cognitive changes. These moments can be emotional for everyone involved, but staying aware and stepping in early can help protect the financial security they worked so hard to build. With honesty, empathy, and a thoughtful plan, we can continue caring for the people who have always cared for us.
Spot the Warning Signs
Look for common indicators that financial tasks are becoming harder:
- Unpaid or overdue bills
- Missing checks or duplicate payments
- Anxiety about money or reluctance to discuss finances
- Sudden, unexplained withdrawals or generosity
- Difficulty understanding statements or managing passwords
Early awareness gives you the best opportunity to help without disrupting your parents’ independence.
Lead with Trust and Respect
Approach financial conversations with encouragement, not authority: “I want to help make sure everything stays secure and stress-free. Can we go over a few things together?”
Reassure them they’re still in control—your role is simply to support.
Put Helpful Systems in Place
A few small adjustments can greatly reduce stress:
- Automate regular payments
- Consolidate accounts to simplify management
- Use account alerts for transaction and fraud monitoring
- Set up shared or view-only access so you can assist as needed
These proactive steps create a smoother, safer financial routine.
Be Alert to Scams and Fraud
Older adults are frequently targeted by scammers. Help prevent fraud by:
- Blocking unknown callers and reviewing suspicious messages together
- Checking statements regularly
- Encouraging them to verify all unexpected requests before acting
Prepare for the Future Today
Even if everything seems fine now, planning ahead offers peace of mind:
- Establish or review a Durable Power of Attorney
- Add trusted contacts or authorized signers to accounts
- Keep account details organized and secure
- Review their estate plan and beneficiaries
We’re Here to Help Every Step of the Way
Supporting aging parents through financial changes can be challenging, but you don’t have to do it alone. Our Trust Services Team is here to provide guidance, protection, and personalized solutions designed to keep your family confident in the future. We can also assist with the management of bills, investment services, tax preparation, insurance and much more. We can provide peace of mind. Contact our Trust Services Team at 515-663-3037 to learn more.