Aging Parents: Money and
Legal Matters
It is important to ensure that your aging parents’ finances and legal matters are in order. Care Support of America’s Family Care managers and our healthcare consulting help you ask about their financial and legal situation at a comfortable time—before problems arise.
Many parents won’t discuss this because it is an invasion of their privacy. Some prefer not to talk about money because they never want to be a financial burden to their children.
Either the primary caregiver or another family member should commit to working with your parent to create and implement a financial plan for long-term healthcare. Issues such as financing healthcare, housing, and inheritance may be best facilitated in a family meeting or in individual conversations if there is no Family Care Manager to help. Financial planners and attorneys may initiate these conversations, but often these specific issues are avoided until crises develop.
Families with aging parents and seniors who have not thought out their finances are susceptible to fraud, and it makes sense for adult children to have financial conversations with their parents if the parents seem vulnerable.
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Talk with a Family Care Manager
866-439-7103
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