Have you noticed small changes when talking to your parents? Nothing big, just little mentions about almost getting the power turned off because they forgot to pay the bill. Your Dad tells you they got a letter from the IRS stating they now have to pay penalties for not filing their tax return. You go visit them and notice that their desk is piled high with papers, a sight you normally do not see. You glance at their checkbook and see errors in an account that was once flawless. These may be signs of diminished capacity or the beginnings of Alzheimer’s disease.

One easy thing you can do to protect your parents is to meet their Certified Financial Planner Professional, their CPA, attorney, and banker. You can asked to be contacted if your parents start exhibiting odd behavior, like going to the bank three days in a row to withdraw the same amount of money, or suddenly changing how they have their assets invested. You don’t need to be called upon for every meeting or decision they make, but, it is nice to know that your parents will have you for their financial professionals to reach out to if a red flag pops up.

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