By clicking
Talk to a Specialist, you agree to our
Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our
Terms of Use. for information about our privacy practices.
So many good points already mentioned. I feel it really depends on the person and their willingness to take on that duty and responsibility. If you have any doubts at all maybe have the person talk to an elder law attorney so they understand fully what they are getting into.
The stigma associated with any psychiatric diagnosis , or mental illness often rears it's ugly head.
People with a diagnosis are not "incompetent" although they may have challenges.
Some are very good at finances and decision making on their loved one's behalf.
If in doubt, ask your own doctor. But if you are handling your own personal affairs well, and know when to seek advice from support systems, go ahead.