"My father was 75 years old when an injury landed him in hospital and doctors diagnosed dementia." David witnessed a sudden and rapid physical and cognitive decline in his grandfather, father and uncle as soon as they were diagnosed with dementia. He describes the coping mechanisms that effectively concealed the early signs of the disease and the emotional difficulties faced by family losing a part of themselves as their loved ones ‘disappear.’
Arjun’s family is scattered across the globe. He lives in the UK, his sisters in Australia and his 71-year old Mum in India. Not only does he have to coordinate decisions across multiple time zones, but he and his siblings have young families of their own and time for their Mum can be limited. A digital solution that offers secure access to a simple overview of all the financial accounts could help them all to manage Mum’s money better.
Although James was a chartered financial advisor, he could not persuade his Dad to share money responsibilities with his Mum and relinquish the paper-based ledger he used to record all the household’s finances for decades. As his Dad’s dementia worsened, James felt even less able to press to see his parents’ affairs. After his Dad passed away, James found a huge muddle of accounts and unpaid bills that took months to sort through and cost his Mum thousands.