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Watching loved ones grow older should be regarded as a beautiful thing. By planning ahead and taking advantage of the various resources at your disposal, like quality elderly care and financial assistance, you can ensure your parents thrive. Below are a few ways to help them plan for the years to come. 

3 Tips for Planning Ahead With Your Aging Parents

1. Review Their Estate Planning Documents

Do your parents have a comprehensive estate plan? Have they reviewed it in the last few years? And does it include more than just a last will bequeathing assets to various beneficiaries? Although it is comforting to hope for the best, it is wise to plan for the worst, and that means creating an advance health care directive and medical power of attorney. These documents will make your parents wishes clear should they ever become incapacitated and will give someone the authority to make medical decisions on their behalf.

2. Explore All the Options Regarding Financial Assistance

elderly careAre your parents taking advantage of all the benefits available to them? A financial advisor or an elder law attorney can review their situation to ensure they are receiving all the funds they deserve. Depending on their circumstances, they may even be able to receive benefits for which they were originally denied. Aside from government assistance, it may also be worth purchasing some kind of long-term care insurance if they are still fairly young and in good health.  

3. Consider Family Dynamics in the Early Stages of Care

Finances are not the only factor that will play a role in your parents’ elderly care. While they are still fairly healthy, family dynamics can determine where they live. For example, if you have siblings, one of them may be closer to your mom while the other is closer to your dad. It is wise to take such relationships into account when devising potential living arrangements in case one parent dies and the other needs companionship but is not ready to move into a long-term care facility.

 

If moving into independent senior living is part of your parents’ plan and they’re finally ready to do so, turn to Hillview Health Care Center. Located in La Crosse, WI, they have three separate facilities that provide quality elderly care for residents with varying needs. You can learn more about the amenities at each of their retirement homes by visiting their website. To discuss your parents’ needs, call (608) 789-4800.

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