When you were a child, your parents provided everything you needed. From taking you to get your hair cut to helping you figure out your hopes for the future, the guidance of your parents helped shaped you into the person you are today. Now, as an adult, you find that your aging parents are in need of support and help from you.
You've been working hard to give your parents the care they need as they get older, but it has become too much to take on alone. So, you and your parents have made the decision to have them move into an assisted living facility so they can get the care they need.
Many people now live well into their 90s, even to 100 years old. Healthy and wealthy individuals are not the only people blessed with longevity. People from all walks of life may live well past the average ages projected by researchers.
In recent blog posts, we discussed the importance of talking to your parents about their nursing home and estate planning strategies. This step is critical to making sure your parents have the care they need in their later years and that their assets are transferred according to their wishes.
In a recent post, we discussed why it's important to talk to parents about aging and finances as they approach their later years. That blog also provided some guidance about preparing for those often-difficult conversations.
Are you uncomfortable talking to your parents about money, estate planning or death? Recently, this blog discussed how to talk to your adult children about your own death and their potential inheritances. Now it's time to switch it around to having "the talk" with your aging parents.
Did you miss Older Americans Month in May? Not to worry - you are now an even older American.
Researchers have recently discovered that there is a biological reason why some older people are more vulnerable to financial exploitation. Levels of education, reasoning skills and personalities do not, surprisingly, affect the outcome of the findings.