Managing the Finances of an Alzheimer’s Victim

Aging Canadian population will have a major financial impact on the bottom line of the country’s provinces Shutterstock

Alzheimer’s is the sixth leading cause of death. It is a progressive neurodegenerative brain disease leading to cognitive decline and dementia. When President Ronald Reagan contracted it, his wife Nancy called it the long goodbye.

In the early stages, and as it becomes more advanced, people living with Alzheimer’s have difficulty managing money. It’s actually one of the first signs of the disease. How do you recognize when a family member’s finances are jeopardized? And what can you do to help them?

Alzheimer’s Diminishes Ability to Manage Finances

Someone with Alzheimer’s could be experiencing mild to moderate symptoms for years. They are usually not diagnosed until it becomes obvious. But even in the early stages, this brain disorder can diminish the ability to manage money.