Talking to Clients about Eldercare: Checklists for Advisors

Talking to Clients about Eldercare: Checklists for Advisors

The holidays are a time for you and your clients to spend with parents and other elderly relatives.

The holidays are a time for you and your clients to spend with parents and other elderly relatives. This time of joy can be tinged with anxiety: parents might be showing signs of needing professional care to deal with aging issues. It’s a good time to talk to clients about steps to provide for older loved ones, and while the conversation may be difficult, they’ll likely thank you for providing some assistance. Our linked article provides some pointers to guide you.

First off, ask if their parents still live alone and if they are geographically within easy reach. Do elderly family members get through the day without any help, or do they need assistance? It’s good to discover whether bills are being paid on time. Find out if they’ve discussed long-term care options with their parents, or at least considered it themselves. If not, let them know you’re there to serve them.

Discover if they have the necessary information, medical, financial and personal, to care for their parents should an emergency strike. Find out if they’ve ever had to take leave suddenly from work to care for parents in the past – that points to the urgency of the matter going forward. Finally, ask them is they feel any emotional pressures themselves over this matter – they may be doing fine, but they may be under a lot of stress, too, which does nobody any good. Proper planning can reduce a lot of anxiety.

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This discussion is a fine time to see if your clients themselves have begun to plan for their senior years. Where would they like to retire and at what level of comfort? Has the entire family, including both spouses and children, sat down to discuss the issue? The kid should be involved, as one day a heavy responsibility could well land in their laps. There are other points to consider, so click the link below.

For more information, please read:
Holiday Elder Care Questions for Clients and Their Loved Ones | Wealth Management

 

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