Dementia and Finances

How to handle finances when a loved one develops dementia

It can be extremely difficult to see a loved one slip into dementia or Alzheimer’s, and worrisome financial issues will only make matters worse.

With an aging Canadian population, experts expect the amount of Alzheimer’s patients to double by 2031, meaning many family members will be left with the difficult task of managing finances for someone who is losing their mental capabilities.

Jeff Schwartz, executive director of Consolidated Credit Counseling Services of Canada, spoke with CreditCards.ca about preparing for, and dealing with, the financial implications of dementia.

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