A will or estate plan? Do they have a will or estate plan? It makes clear who will receive your parents’ assets and personal property. A properly written will helps to avoid disagreements over your parents’ estate after their deaths. Good estate planning is simply making sure that the financial assets that are most important …
Current housing situation As your parents age, it is essential to make sure that their housing arrangements are adequate to meet their needs. Furthermore, you need to determine where your parents will live; whether with you, in a nursing home, or maintain their own residence. Click on the source link below for more information Source: Marketwatch Changes, …
Mental Health Asking questions about mental health is challenging, so before having a conversation, observe their behavior and determine whether you have reason to be concerned. Pay special attention to the house. Is it neat or full of clutter? Does the fridge and pantry have ample food supplies? Are there newspapers in the driveway or …
Listing Insurances Make a list of all insurance policies (life, health, long-term care, etc.) and where they are located. Do they have healthcare policies? Do they have dental insurance? Long-term care insurance? If so, what are the terms and where are the policies kept?les Click on the source link below for more information Source: marketwatch Contact information …
Make a list of all accounts and where they are held Your first responsibility as your parents’ financial manager is to do some sleuthing.Start going through files; you want a clear picture of every asset they have. Start with savings and checking accounts, retirement accounts, investment accounts and pensions. Click on the source link below …
Get The Big Stuff Out of the Way The first thing to start packing for your loved one’s move is furniture. While some assisted living communities are furnished, others will require residents to bring a bed, dresser and other basic living items. Check with your family member’s specific community to determine what furniture is provided. Even …
Remove Tripping Hazards To help minimize the danger of falls for seniors, make sure all loose objects — such as shoes, magazines, boxes, and blankets — are off the floor. Remove any open extension cords that could present a falling hazard. It is a good idea to coil cords and wires or tape them to …
Get a Kit You should always have an actual First Aid Kit, which contains medical supplies necessary in case of an at-home injury, but it’s also important to have an Emergency Document Binder containing important medical information forms prepped and ready for yourself and your senior loved ones. These items include:Hand sanitizer or soapThermometerGlovesBandages in …
Patience The first and foremost item on your travel checklist has to be patience and plenty of it too. The trick is to make them feel that they are still in charge. Ask them about their preferences while travelling, make sure that you are helping them without offending them. For instance, give them a hand …
Jordan Having grey hair and grandchildren doesn’t have to be a reason to stop visiting offbeat or unusual travel destinations. One of the frontrunners is Jordan, a peaceful haven in the Middle East with stupendous attractions such as ancient Petra and the Wadi Rum (of Lawrence fame). To the west, Jordan is bordered by the …