Managing Your Elderly Parents' Finances

 - (PHILIPPE HUGUEN/AFP/Getty Images)

(PHILIPPE HUGUEN/AFP/Getty Images)

Managing Your Elderly Parents' Finances

About a quarter of all people over age 65 rely on relatives, often their children, for help managing their finances. The task of taking over your elderly parents’ money can be overwhelming. A discussion about the ethical and legal pitfalls of managing an elderly relative’s finances.

Millions of elderly Americans suffer from dementia, Alzheimer’s disease and other disabilities that make them unable to make decisions about their finances. About a quarter of all people over the age of 65 rely on relatives, often their children, for help managing their money and assets. But the task of caring for elderly parents and managing their bills and property can be overwhelming and time consuming. It can also be filled with ethical and legal pitfalls and a source of family conflict. Join us for a discussion about the best ways to manage an elderly relative's money.

Guests

Sally Hurme

project adviser, education and outreach at AARP.

Naomi Karp

senior policy analyst, Office for Older Americans, Consumer Financial Protection Bureau.

Elizabeth Loewy

chief, Elder Abuse Unit, Special Victims/Special Prosecutions Bureau, New York County District Attorney's Office.

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