Take care of the ones that you love the most

Information to plan ahead and prepare for your parents' futures

Take care of the ones that you love the most

Information to plan ahead and prepare for your parents' futures

Aging Parents

Aging is just part of life. It does not have to be a time of fear and uncertainty—or you or your parents. Plan ahead and be proactive so that you and your parents can look forward to the latter years. The information below will get you started.

Getting Started

As parents age, certain things should be discussed. Find out the condition of their health, their finances, and the safety of their home.

Look for these signs that your parents may be developing health issues:

Are they taking care of themselves? Are they able to keep up with daily routines—such as bathing, tooth brushing, and other basic grooming? Are their clothes washed, and is their house clean?
Are they forgetting things? We all forget where we put the car keys at times, but are they forgetting where their grocery store is or how to get back home?
Are they safe in their homes? Have they had a fall? Can they read the writing on the prescription bottle?
Have they lost weight? That can be a sign of illness, depression, or not eating well.
Are your parents able to get around well?

If you discover problems in any of these areas, take action. Talk to your parents and their doctors, and address any safety issues at home. In addition, seek help from local agencies who may provide meal delivery services and other assistance.

Guide for Caregivers

What is their current financial situation?

Income – Salary, pension, retirement funds, social security, etc.
Expenses
Assets
Liabilities
Insurance
Wills or trusts

Planning Living Arrangements

Can my parents live in their home independently, or will they need assistance?

What resources are available for home health, if needed?

Quick Guide – Long-Term Care Insurance

What options are available for long-term care facilities, and how do I find the best facility?

Assisted Living
Skilled Nursing

Finding Benefits and Insurance Assistance

What insurance plans should be considered?

Health Insurance
- Medicare
  - Quick Guide – Medicare and You
- Medicare Supplements
  - Quick Guide – Medicare Supplements
- Other
  - Quick Guide – Medicare and Other Insurance

VA Benefits

What are the qualifications?
- Department of Veteran Affairs
What benefits are available?
- Department of Veteran Affairs
Can I get assistance in applying?
- Department of Veteran Affairs

Continually re-evaluate the elderly parent’s ability to stay home alone, drive, or handle the upkeep of their home. Caregiving is a dynamic process and changes often.

For More Information, Speak with a Trusted Advisor

Give us a call at 800-234-1234

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For a comprehensive review of your personal situation, always consult with a tax or legal advisor.