When Should You Begin Managing Your Parents’ Assets?

We all know the old adage that you shouldn't talk money, politics, or religion in polite company.
Perhaps that practice is why it can be so complicated to get involved in an aging parent’s financial affairs. After years of avoiding discussions about money, you may need to intervene in a very personal and private side of a parent’s life.
We’ve all heard the horror stories about how messy and conflicted these situations can become once a parent is actively declining: unpaid bills and taxes, victimization by scams or robberies, even cases where you’re confronting a crisis and you don’t have the legal authority you need to help.
The process of stepping in to help parents may be easier than you expect, especially if you start the conversations now.
Six Simple Steps
START THE CONVERSATION
ENSURE THE DOCS ARE DONE
EDUCATE YOURSELF
GET ORGANIZED
OFFER MORE HELP
EASE IN
People’s United Advisors can help
Come see us about prudent investing.
800-772-8778

People's United Bank, N.A. merged into M&T Bank. It is now People's United, a Division of M&T Bank. Although account documentation or other materials may continue to reflect the People's United Bank, N.A. name or logo, new wealth management accounts opened on or after that date will be opened with M&T Bank or it's People's United Advisors Inc. or Wilmington Trust, N.A. affiliates. For more information please go to www.wilmingtontrust.com, reach out to your relationship manager or refer to your account agreement(s).
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On April 2, 2022, People’s United Bank, N.A. merged into M&T Bank. It is now part of M&T Bank and its former branches and most services will operate as the People’s United division of M&T Bank until we complete the integration of our systems later in 2022. M&T Bank is a Member FDIC, Equal Housing Lender and Equal Opportunity Lender.