As people age their minds undergo changes. Things that were once routine tasks can become difficult or even impossible for them to do any longer. These changes can manifest themselves in the way the elderly handle their finances. Look for these signs to see if an elderly loved one you know may no longer be able to handle their day to day finances.

Having Issues with Details

If bills are going unpaid or are continually being paid late, this could be an indication that your loved one is suffering from financial decline. This might also being to show if they are unclear or confused by details on documents like bank accounts or checking book ledgers.

Increased Time on Routine Tasks

If what once took your loved one an hour or two to complete starts taking half or even a whole day, this might indicate that they are suffering from financial decline. Routine tasks can become confusing and increasingly difficult for the elderly even if they have performed these tasks many times previously.

Declining Math Skills

Everyday math skills are a good indication of how sharp your loved one is. If they are no longer able to quickly compute tax or restaurants tips like they were in the past this might indicate a decline in their abilities.

Look out for these simple warning signs to prevent major financial issues down the road. If you need legal assistance with finances or with power of attorney contact Stano Law group.