It’s one of the toughest conversations an adult child will have with a parent: helping mom or dad to understand- and accept- it's time to relinquish control of their finances.
The discussion is often fraught with emotion: anger, embarrassment, sibling rivalry and fear, just to name a few.
Moreover, it’s the kind of thing that tends to creeps up on you. Until the day it smacks you in the face. You drop by mom’s place and notice mail carelessly piled on the table; much of it appears to be bills. On the kitchen counter you find a bag stuffed with receipts and there’s cash scattered around. This is totally out of character for your neat-freak mom who insisted you straighten your room before you could go out and play. She taught high school algebra for 30 years. Now her apartment is a disorganized tangle of paperwork