Are there any services that can help with financial duties? My parent is having difficulty managing their finances and needs someone to help them on a regular basis.
A good solution to help your parent manage their finances is to hire a daily money manager (DMM). DMMs are financial professionals who help older adults manage their day-to-day personal finances. The types of services provided typically include arranging the payment of bills, maintaining financial records, balancing checkbooks and negotiating with creditors. DMMs can also prepare checks for clients to sign, organize bank and financial records, prepare and deliver bank deposits, gather and organize documents for tax returns, scrutinize medical bills, and review bank statements for potential financial abuse or fraud.
Where to Find DMMs
Depending on where your parent lives, DMM services may be available through private nonprofit elder-assistance organizations or government agencies. These agencies often use volunteers to…