Helping an Elderly Parent with Estate Planning

Careful estate planning for aging parents can yield significant emotional and financial benefits for the whole family. Broaching the topic of estate planning with elderly or frail parents may feel awkward. But finding a way to start this conversation can be well worth the discomfort. Careful estate planning for aging parents can yield significant emotional…

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Assisted Living Community Checklist

Assisted Living Environment As you arrive at the community, do you like its location and outward appearance? As you enter the lobby and tour the community, is the décor attractive and homelike? Do you receive a warm greeting from staff welcoming you to the community? Does the executive director call residents by name and interact…

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6 Discussion Points About Senior Living for Financial Planners

Deciding to move to a senior living community is a financial decision as well as an emotional one. For financial planners, talking to your clients about their future care needs as early as possible can help ensure they find a good match for their resources. When working with clients, be ready to discuss: 1. Planning…

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Seniors and their caregivers face a steep learning curve when they begin researching senior living communities. As a medical professional, you can help them navigate the variety of available services and guide seniors to a community that supports their health care requirements. Here are some questions you can use to help your patients start to…

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Financial Tips for Seniors: Estate Planning Basics

Seniors should consider a variety of legal issues when planning for the future. When we think about a gift for our families, an estate plan might not be the first thing that comes to mind. However, it’s actually something valuable to give to your loved ones—and a way for you to plan for the future.…

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A Closer Look at Assisted Living

A breakdown of demographics and trends related to assisted living Beginning to navigate assisted living options can feel daunting at first, but it isn’t a path you travel alone. With more than 735,000 people nationwide in assisted living, there are thousands of adult children who have taken this same journey. Here’s a closer look at…

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Can You Afford to Move Mom In?

Calculate the financial and emotional costs of caring for an aging parent at home. Like many people, you may be assuming that your parent will move in with you if she can no longer live alone. Indeed, caring for an aging parent can be a rewarding experience. However, there are also many financial and emotional…

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Senior Finance: How to Save Money During Retirement

Five ways to enjoy retirement without breaking the bank. For many, retirement is a time to do some of the things you put off earlier in life. Take a class. Travel. Find a new hobby. But it’s not easy to ensure that enjoyment doesn’t come at the high price of financial insecurity. When a loved…

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How to Finance Senior Living: 5 Tips

There are more resources available than you think to help you afford assisted living. If you’re helping a parent or family member prepare to move into a senior living community, you know there’s a lot to think about. From quality of care to location and personality, every community is different. And once you do find…

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