Financial Safety in Aging Parents with Jenny Kim- Real Talk series

Send us Fan MailSummaryJenny Kim, a family caregiver for her elderly parents, shares her experience managing their finances and healthcare. Her father, who has severe dementia, insists on withdrawing large amounts of cash and giving it away. Jenny has power of attorney but faces challenges with banks and bill companies. She hired a geriatric case manager to help with appointments and medical coordination. Dr. Mia suggests involving an elder law lawyer to address the financial issues. Jenny emphasizes the importance of cherishing the moments of lucidity and appreciating the life her parents have had.Keywordsfamily caregiver, elderly parents, finances, dementia, power of attorney, geriatric case manager, elder law lawyer, lucidityTakeawaysManaging the finances and healthcare of elderly parents can be challenging, especially when they have cognitive decline.Having power of attorney may not always be sufficient to handle financial matters, as banks and bill companies may not honor it.Hiring a geriatric case manager can provide support and assistance in managing appointments and medical coordination.Involving an elder law lawyer may be necessary to address financial issues and establish stricter controls on spending.Cherishing the moments of lucidity and appreciating the life of elderly parents is important, even in the face of difficult circumstances.Chapters00:00 Introduction and Background08:17 Realization of Cognitive Decline and Taking on Responsibilities12:46 Challenges with Financial Management29:12 Seeking Legal Assistance for Financial IssuesSupport the showVideo on Ask Dr. Mia YouTube channelTranscripts on www.miayangmd.com. Transcripts are automatically generated and may contain minor inaccuracies. Email: [email protected] expressed are exclusive of Dr. Mia Yang and not reflective of her or guest speaker's employers or funders.