Caring for an Aging Parent

Checklist for the Care of Aging Parents

1. Discuss Future Wishes and Needs

Engage in a comprehensive discussion with your parents regarding their preferences and requirements for the future.

2. Financial Assessment

Compile an exhaustive list of their current income, assets, and liabilities. It may be prudent to hire a financial planner to ensure that your parents' financial resources will adequately sustain them throughout their lifetime.

3. Legal Preparedness

Assist your parents in selecting and retaining an attorney to prepare legal documents that designate an individual responsible for property management and healthcare decisions in the event of their incapacitation. Essential documents include a durable power of attorney and a healthcare proxy.

4. Establish Wills and Trusts

Confirm that your parents have established and regularly updated wills and trusts.

5. Support Group Participation

Investigate local or national caregiver support groups that may offer valuable resources and guidance.

6. Evaluation of Community Services

Explore community services available to supplement caregiving efforts, such as adult day care.

7. Housing Alternatives

Research various housing options for your parents, which may include in-home health care, retirement communities, or nursing facilities. Given that many of these establishments maintain waiting lists, it is advisable to apply for a position on such lists prior to necessitating a move.

8. Health Insurance Verification

Ensure that your parents possess sufficient health insurance coverage. Assess their eligibility for options such as major medical insurance, Medicare, Medicaid, Medigap policies, and military benefits.

9. Funding for Nursing Home Care

Encourage your parents to explore various methods to fund nursing home care, including long-term care insurance, Medicaid, savings, and investments.

10. Home Modifications

If your parents intend to move in with you, consider implementing necessary modifications to your residence, such as installing wheelchair ramps or safety fixtures in the bathroom.

11. Clarification of Living Arrangements

Discuss and clarify expectations with your parents regarding living arrangements, encompassing financial obligations and household responsibilities.