It may be some time before your parents need your help, but start talking now. For example, consider talking to your parents about who will handle their affairs if problems arise. The National Institute on Aging recommends that parents give advance written consent to a designated family member so that person can discuss a parent’s personal affairs with key professionals, such as doctors, financial representatives and Medicare officials. Without this type of preplanning, privacy laws may prevent important conversations.

Starting an ongoing dialogue now will make it easier for you to understand their financial landscape, and give you a better grasp of what your level of involvement may be over time.

Instead of sweeping in to take charge of your folks’ finances, increase your support little by little if and when it’s needed. For example, if you’ve taken on the responsibility of paying bills (or balancing their accounts), start by doing it together. This kind of gradual, sensitive approach gives them (and you) some time to get comfortable with the new arrangements.

Make a list of your parent’s contacts, account numbers and the places they store legal documents such as birth certificates, insurance policies, deeds and wills. Double-check that everything is still valid and up to date, and that all accounts are in good standing. Whether you’re compiling this information or taking note of where your parents have stored it, make sure any sensitive information is in a secure location.

It’s not a good idea to mix your finances with those of your parents, even if it seems like a convenient fix. Using your own money to help your parents out can be a slippery slope, and you should always keep your personal assets and funds separate. It’s important you don’t jeopardize your own retirement or savings goals as you work to help your parents.

A power of attorney is a document, signed by a competent adult, that grants another person the power to make decisions on their behalf. There are several kinds of power of attorney, covering financial, medical or general decisions, and they can be designed to be temporary, limited to narrow circumstances or more complete. Executing a power of attorney with your parent ensures you have the legal authority to make important decisions when your parent is unable to. Contact an attorney specializing in elder law for help in drafting a power of attorney that fits your needs.

Keep your loved ones informed about what’s going on—especially siblings, both yours and your parents’. Relatives can be important sources of support, and open lines of communication can reduce the risk of misunderstandings. Managing your aging parents’ finances can be a lot of work, but you don’t necessarily have to do it all alone.

It’s not a good idea to mix your finances with those of your parents, even if it seems like a convenient fix. Using your own money to help your parents out can be a slippery slope, and you should always keep your personal assets and funds separate. It’s important you don’t jeopardize your own retirement or savings goals as you work to help your parents.

If you’ve talked to your parents ahead of time, you likely have a plan in place for how to help when they need it. But knowing when it’s appropriate—or necessary— for you to jump in can be a challenge. These signs may be a cue.

Unusual purchases: Take notice if your parents are suddenly buying things that don’t fit their needs or lifestyle, or if they begin entering multiple contests or sweepstakes. This behavior can spiral out of control quickly, and older people are often vulnerable to scams.

Piles of unopened mail: A pileup of mail can be a sign that your parents are making unusual purchases, falling behind on bills or entering sweepstakes.

Always complaining about money: From claiming they don’t have enough money to avoiding activities that they think might set them back, if your parents talk only about money when you’re with them, it could be a sign there’s a problem.

Physical setbacks: Fading vision can make it difficult to drive to the bank, and arthritis can turn writing checks or addressing envelopes into a painful chore. If you think activities are becoming challenging, it may be a cue they need help.

Memory problems: Cognitive breaks—from not knowing what date to put on a check to not remembering where to write the dollar amount—can be a major indicator that you may need to step in and help.

Encourage your parents and loved ones to visit the Security Center at Bank of America for resources on how to help avoid scams and review the Fraud Prevention Checklist for steps to take to help better protect their accounts.

If you’ve started the conversation early, you’ll know what to do when these signs emerge. If you need help, there are a number of resources available, including the National Institute on Aging and the National Alliance for Caregiving.