december 20TH, 2018
Caring for Aging Parents
More and more, adult children face the financial responsibility of taking care of their aging parents. If clients don’t know about their parent's financial health, they may not have the time to properly plan and save for the large and ongoing expenses related to the care their parents will need. Further, the costs for Long-Term Care insurance along with nursing homes and assisted living facilities are on the rise and are likely to continue to increase. Advisors must raise this question with clients. This session will review different steps that clients can take to prepare themselves and potentially decrease the total cost of care for aging parents, while also providing ideas to help clients if/when they find themselves unprepared in this type of situation.