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Managing Your Older Parents Checkbook and Finances, What to Look For  
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Tags: Senoirs, Checkbooks, Finances

With your parent’s help or permission, review his or her checkbook, bank statements and canceled checks. Look for:

	Inappropriate payments, such as payments for medical bills that already have been paid;
	Numerous payments to credit card companies, home shopping networks, sweepstakes or other contests;
	Unusually large donations to charitable or fraternal organizations;
	Failure to list or otherwise track deposits and income;
	Failure to record checks or otherwise track expenditures;
	Lost checkbooks or bank statements;
	Numerous transfers from savings to checking accounts;
	Consistent or unusual payments to a person unknown to you, a possible sign that your parent is being exploited financially.

Lister: Angie
Source: FTC

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