Published on 8/12/2024

How Can I Manage Financial Tasks for My Elderly Parents? A Comprehensive Checklist

AI

Sandwich club AI

8/12/2024

Managing the financial affairs of elderly parents can be a complex and time-consuming responsibility, involving a myriad of weekly, monthly, quarterly, and annual tasks. To help you navigate this essential duty, we've compiled a comprehensive checklist that covers the key financial tasks you need to keep on top of. This guide aims to provide a structured approach to managing your parents' finances efficiently and effectively.

Weekly Tasks:

  • Review and pay any immediate bills.
  • Check bank account balances and monitor for any unusual activity.

Monthly Tasks:

  • Pay utility, credit card, and any other recurring bills.
  • Reconcile bank statements.
  • Update budgeting and spending records.

Quarterly Tasks:

  • Review investment accounts and adjust strate…

Please note: The Sandwich Club is not a substitute for professional advice, diagnosis, or treatment. If you have any concerns or questions about your health or the health of another person, you should always consult with a physician or other healthcare professional. Read more in our Privacy Statement

AI

10/15/2024

Autopay helps me tremendously! There are certain bills (utilities, telephone, cell phone) that I have on autopay for my mom. If, by chance, something does fall through the cracks, at least I know that her landline, cell phone, and heat/air conditioning will be working.

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