Reply to Have you ever lied to your parent how much assisted living/SNF is costing them?

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Reply to "Have you ever lied to your parent how much assisted living/SNF is costing them?"

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[quote=Anonymous]
The reality is that if you want to avoid this for your adult children, then look into options for long term care funding ahead of time as part of your future planning as you can.  If this is not feasible, then consult a financial advisor (fee for just the consult) to have a clear idea of your finances and how you might fund health care and other supports in the future as needed.  Learn about housing options for seniors as well as services in your local area as one ages.  Also be sure to talk to your adult child or children to do the legal planning ahead of time with a will, Power of Attorney, Health Care Power etc.  so that they will be in a position to assist in making decisions if and when your are not.  Or perhaps it will be setting up a professional relationship through a law firm, a bank or other group that provides fiduciary services for a fee to look out for your best interest or to help your child (children) to do so.

See if there are FREE presentations on topics related to aging, local providers of health care services, senior housing options, legal and financial basics to get in order.  These may be offered through the local senior center, public library (suggest it as a topic for a speaker), local office on aging etc. [/quote]

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