Becoming a Caregiver for Parents - Part 1 (Preparing for the Future) l Ep#138

In this episode host Allison Schaaf shares her recent experience of becoming a caregiver for her mother. Specifically, she goes into 4 helpful things to have in place for older relatives (and yourself) in planning for the future.

4 Helpful To-Dos Before Becoming a Caregiver:

1. Understand Parents’ Wishes: Have the conversations around how they see the next 10 or 20 years playing out. Where do they want to live? How do they feel about assisted living or nursing home care versus living at home? Get things in writing if possible.

2. Organize Passwords: Make sure their passwords are written down in a safe location or in a password manager they can share with you.

3. Financial Accounts: It’s helpful to have a list of all of their financial accounts.

4. Power of Attorney: Having in writing who should be taking over things and how things should be handled is very important. The more detailed, the better. Having a will is of course also important.

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