Infographic: Maintaining a Healthy Relationship with a Loved One as You Manage Their Finances
Managing the finances of a loved one can be a challenging and sensitive task for anyone. Whether you are helping an aging parent, spouse, or a family member living with a disability, you’ll want to make sure they stay financially healthy and their money is able to cover their long-term needs. But when you’re taking over financial management from someone who is used to being independent and handling money on their own, conflicts can arise — often leading to frustration and tough conversations. Below, we'll explore some key strategies to help you navigate this delicate territory while preserving the bond you share with your loved one.
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Nothing contained herein should be construed as caregiving, financial, investment, tax, or legal advice. Always consult the appropriate advisor for your specific situation.
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