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5 Tips to Start Managing Your Aging Parents’ Money

NYT > Business·June 6, 2026
5 Tips to Start Managing Your Aging Parents’ Money

She helps adult children manage their aging parents' finances by providing five essential tips. These tips include having open conversations, gathering necessary documents, and setting up automatic bill payments to ensure seamless financial management. Additionally, she warns against a common mistake: taking control of finances without the parents' consent, which can lead to conflicts and damage relationships. By following these guidelines, adult children can effectively support their aging parents' financial well-being while maintaining their independence and trust.

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