Dealing with the finances of a loved one with Alzheimer’s

CALGARY (660 NEWS) – It’s something many people don’t want to think about, who will be responsible for you and your money when you can’t make decisions.

It’s estimated over 700,000 Canadians are living with Alzheimer’s and other forms of dementia.

Christine Van Cauwenberghe, a vice-president at IG Wealth Management says “it’s frightening when they feel they are no longer in control of their affairs or that control might be taken away.”

She says it’s important to have a power of attorney since managing money can become difficult as patients are unable to remember various things.

“It’s very important to be open and honest with your financial planner and ask what’s going on, tell them if you’re starting to struggle with things or if you notice things; I’m not acting in a way I normally would, please help me out and don’t just assume everything is ok.”

Van Cauwenberghe stresses it would be a gradual process and it doesn’t mean your opinions won’t be valued.

Top Stories

Top Stories

Most Watched Today