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Aging Parents – Financial and Emotional Decisions

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Caregiving and planning for future needs of aging parents can be difficult for adult children to handle as they balance the needs of their own families at the same time. While uncomfortable, being prepared by talking through these issues will help families in the long run.

Aging Parents – Financial and Emotional Decisions

Aging Parents—Confronting the Issues as a Family

As with all aspects of financial planning, proactive plans are critical for the care of an aging parent.... read more »

Costs of Caring for an Aging Parent

In addition to the emotional issues involved, caring for an aging parent often stretches a family’s financial resources.... read more »

Aging Parents Living With Children

Create a “caregiving budget.” Make a list of estimated expenses and determine how much the aging parent, the caregiver, and/or siblings will contribute.... read more »

Aging Parents in an Assisted Living Facility

Know what services are provided and which are not. Assisted living facilities generally provide private living quarters and 24-hour staffing to help residents with basic services... read more »