When should the older generation start giving the younger some control of their elders’ financial situation?

IT can be a very delicate subject to bring up, but one that needs to be addressed as part of the aging process — at what point should the older generation start giving the younger information and possibly some control of their elders’ financial situation? Gráinne McGuinness has some advice

For adults who have looked after themselves all their lives, there is an understandable reluctance to involve others in their own affairs. But sometimes illness and incapacity come out of the blue. A difficult time will be made worse if a family member cannot step in to help manage day-to-day bills and spending or are completely in the dark about their loved one’s financial position.

Irish website www.thinkahead.ie understands that finances are a particularly sensitive area.