How to protect a loved one in cognitive decline from financial harm | CNN Business

CNN  — 

Caring for an elderly family member with dementia can be heartbreaking and difficult in so many ways.

One of the hardest tasks may be protecting them from ruining their finances as their condition deteriorates.

Research shows that those with dementia often show signs of financial trouble years before diagnosis. Left unchecked, their unpaid bills, gratuitous spending or willingness to give money away whenever asked can drain their savings and push them into debt.

Just one unnerving example: CNN Investigates discovered that elderly adults with dementia unwittingly donated millions of dollars

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