Caring for an Elder
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Caring for Aging Parents
When it comes to caring for your parents, the big decisions—and the hefty expenses— tend to occur when a family member suffers a permanent deterioration in physical or mental health. At that juncture, communication becomes crucial. But whether critical or not, any caregiving plan needs to be based as much as possible on the wishes of those who will be receiving the care—and the aim is to help elderly family members maintain as much control over their lives as feasible, not take it away.
Jonathan Clements, Director of Financial Education, Citi Personal Wealth Management offers these steps to take as you prepare to care for aging parents.