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Transition time is difficult

Caregivers: Dementia | Last Active: Jul 27 8:28pm | Replies (13)

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@billiekip

Get your ducks in a row. NOW. My husband always did the finances, but when I started to see thing go awry, I told him it was my turn. Math is not my thing at all, but, trust me, you need to start doing your family finances. The ALZ ball will pick up speed downhill; you will have no time, energy, or fortitude to take on finances then. You will be amazed at what you are capable of doing when you have no choice B. It is a dance of not going too quickly or too obviously. Be at the helm before possible paranoia kicks in, and he thinks you are pulling a fast one over him. Start out with him as your "mentor" and have him show you what bills need to be paid, planned for, and a general overview of the financial year. I changed to Schwab banking which has no brick and mortar building; all is done online. The plus was that when we moved closer to family, the bank came with us, and I didn't have to regroup all over again. I'm 80 and learned to deposit checks using my phone. I was pretty tickled with myself over that one. You can get cash anywhere and if there is a charge for the service, Schwab will pay it for you. Consolidate your credit cards to no more than 3. I have two credit cards and one Schwab debit card. Get a notebook and insist on being at doctor visits and all interaction with outside services and take notes. Downsize and simplify your life as best you can. Just handling your husband will become a fulltime job, so tackle your learning curve as quickly as possible. Atta girl. You can do this.

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Replies to "Get your ducks in a row. NOW. My husband always did the finances, but when I..."

billiekip, I particularly relate to your comment that the "ALZ ball will pick up speed downhill." That is happening to my husband, particularly since we recently moved from our home to an independent living apartment where assisted living is available in the future if needed (which I'm pretty sure it will be). This was part of our mutual decision that he was losing cognitive and executive function ability faster than anticipated. Nevertheless, challenges remain. Luckily, I have always paid my own credit card bills and have instituted automatic payments as much as possible. We also have an estate plan and are co-trustees on most all accounts. The one stumbling block is that his retirement investments are in two big online mutual funds that make full access almost impossible unless you are legally declared an agent to manage the account. We are working with my financial advisor to arrange that before it's too late!