Investment Updates
Meeting With The Family For Elder Care Planning
Published Monday, July 25, 2016 at: 7:00 AM EDT
Business managers would never chart a course of action for the future without gathering all of the necessary information, analyzing the pros and cons of different approaches, and meeting with the main people who have a stake in the outcome. Yet many families approach eldercare issues with a similar lack of foresight.
If there is an aging member of your family who soon may need help at home or perhaps will move into an eldercare facility of some kind, it's essential for everyone to talk about what's ahead. Consider trying to call the appropriate relatives together for a family meeting—and be prepared to answer some of these questions:
Can you meet? Frequently, inertia will take over or some family members won't see the need for a family discussion. It's difficult to find the time with our busy schedules and other commitments. What's more, many families today are dispersed around the country and beyond. Nevertheless, it's important to bring everyone together to work out a plan.
© 2024 Advisor Products Inc. All Rights Reserved.
More articles
- 20 Questions On Required Minimum Distributions
- Seven Good Reasons To Create And Fund A Trust
- 6 Common Medicare Myths That Should Be Dispelled
- How To Save For Your Retirement At Every Age
- Six Hurdles To Overcome In Stretch IRA Planning
- Study These Six Higher Education Tax Breaks
- Women Have Better Credit Scores, But Lower Ratings Than Men
- Four Retirement Planning Rules Of Thumb To Bend
- Five Big Tax Penalties To Avoid At All Costs
- Don't Let Scam Artists Ruin Your Retirement
- Visualizing The Risk Of Running Out Of Money In Retirement
- Don't Be Victimized By These 10 Common Scams
- Wall Street's Strategists About As Good As Monkeys Throwing Darts
- Stocks Surge 2% Friday But Why Are They So Volatile Lately?
- Getting Ready To Retire? 7 Moves NOT To Make