Many people wait until there is a life-changing moment in their aging parent's lives before they make the transition to taking full care of them in their old age. This could be the passing of their spouse or significant health problems. Whatever the case may be, it's difficult to be fully prepared for the responsibility of it all if you haven't been taking care of your aging parents previously. Here are four steps to take sooner to help ease the transition:
- Talk With the Family: This doesn't mean talking to just your siblings and your own spouse, but also to your parents themselves. After all, you will want to know what their wishes are for this time in their lives. Besides, your parents may have certain financial aspects of their care worked out so this doesn't end up being something you need to worry about. You will want to know how these funds can be accessed once they are needed for either health care costs, in-home nursing, or assisted living. You also want to talk to your siblings about how responsibility will be split, as well.
- Talk With an Advisor: You can meet with a senior living advisor at an assisted living facility to discuss different living situations that might be ideal for your aging parent. This way, you have a better idea of what would be best. You can also take the information that you gather to use when talking with your siblings or parents. This is the best way to gather all the information that you need.
- Speak With a Financial Advisor: If your parents don't have any financial plans to help with certain aspects of their retirement, such as assisted living, then it's highly recommended that you meet with a financial planner to plan for this. The sooner the better since you don't want to be stuck in a bind once you do need to move your parents into assisted living.
- Create a Budget: This is much easier with a financial planner and it's extremely important. With a budget created, you have a better idea of your options for your parent once they need more assistance. You can determine which assisted living facility you can afford and which you cannot. You can also have a steady amount of money going towards health care needs that your parents might need in the future.
Taking these four steps are going to help you more easily slip into the transition of having to care for your elderly parents. When you are prepared, it feels like less of a burden, which is important for maintaining a relationship with your parent during this critical time in their life. Contact a company like Beautiful Homes for the Elderly for more information and assistance.