Adjusting to aging can be difficult for you and your loved one. In order to balance the needs of your parents and do what’s best for your own families and peace of mind, you must plan ahead. That means asking the tough questions early on in order to make long-term decisions. There are a number of questions to ask to spark a very necessary discussion between you and your elderly parent.

Does your insurance cover long-term care and have you thought about a financial plan?

As one gets older, the need for caregiving increases. Whether it’s doctor visits, an in-home caregiver or physical therapy, health care costs. Finding out exactly what your loved one’s insurance covers will help to make decisions easier. You may not know what to expect, but setting aside a time to meet with a financial planner will prepare you for all types of circumstances.

What are your end-of-life wishes?

It may be difficult to discuss, but it’s necessary. Talking about hypothetical situations early on will ease the decision-making process when you and your family are in a time of crisis. Knowing what measures your parent would like to take if they become terminally ill will prepare you to handle any unforeseen circumstances. If they would like to review the possibility of a living trust or will, finding a trustworthy legal aid will ease the process.

What living situations do you prefer if you can no longer take care of yourself?

In-home caregivers are extremely helpful when additional care is necessary. But when the care is needed around the clock, the costs can add up. By talking to your parent about the option of assisted living, you will have input on their preferences and be able to make better-informed decisions. Researching and visiting senior centers in the area will allow you and your loved one to choose what’s best for them.

Where do you store important documents and your medications?

Down-sizing and organizing will help to relieve stress for you and your loved one. Setting aside a specific place for important documents and medications will make it easier for you and/or a caregiver to find them in emergency situations. For personal documents, storing them in a safe deposit box and providing a trusted family member with a key is ideal.

If you would like to connect with us to discuss dealing with an aging parent, feel free to contact us!


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