84 Year old mother lives in FL daughter lives in NJ. Mother just hired 24/7/365 live-in caregiver for her condo. And hired a Certified elder Care worker for doctor visits, managing perscriptions, and any medical emergency. However she does not want to give up drivers license or writing checks. Most of time she is mentally good but her friends are noticing some bad memory days.
She wants me to help with her finances but not all her finances. But doing partial check writing makes it difficult for me to do any estate planning with a limited estate that is worth about $600k.
I cant see her writing checks for utilities and me writing checks for workers.
How do I discuss with my mother that I should take care of all her incoming and outgoing money? She is really old school and wont give up control. I am afraid if she develops cognitive issues she could loose money by not watching her accounts closely.
Signed "Difficult Mother".