Your parents have always been lively, so the thought that they may not be able to care for themselves one day seems absurd. But the fact is, everyone will need help getting around later in life. Most people know that proper estate planning involves planning for death, but many forget to prepare for living.
Some are vocal about not wanting to go to a nursing home. Others choose to avoid the uncomfortable discussion altogether. No matter how your loved ones feel, it is essential to talk to them about their desires for old age.
Have the conversation early
Do not wait until your folks can no longer speak for themselves. Dementia, Alzheimer’s and other debilitating illnesses common in aging adults can creep up slowly. You want to make sure your parents are of sound mind when they decide their future.
Do not shy away from discussions about money
It is imperative to talk about finances when exploring care options. Many seniors want to live out the end of their lives in their own homes. But aging in place is a luxury many cannot afford. According to Forbes, the average cost of round-the-clock home healthcare in Massachusetts is over $67,000 a year. Make sure your parents have enough money set aside for their ideal living arrangement. Explore alternative options if their chosen lifestyle is not financially viable.
Having an open and honest dialogue with your family about their end-of-life care can help you understand their wishes. Early conversations will give you time to overcome financial limitations and find a solution that works for everyone.
