30 Jan Talking care with parents
How to have conversations about support for aging loved ones.
ACCORDING TO STATISTICS CANADA, seniors are the fastest-growing age group in the Canadian population. Given longer life expectancies, many of us will have to care for an aging parent at some point, and providing and paying for that care can be a real concern. In fact, a recent survey found that nearly two-thirds of Canadians don’t know how they’ll manage the care and finances of their aging parents!
To prepare for any eventuality, consider gathering family members together to talk about living situations and levels of care that will meet everyone’s needs, as well as how to handle and finance that care. It may be an uncomfortable topic to discuss, but planning in advance can help avoid misunderstandings later. Here are some suggestions to get the conversation started.
- Involve family members from the beginning
- Find out what your parents think
- Get familiar with your parents’ finances
To read more about these helpful suggestions in this article by Manulife, CLICK HERE.
If you have questions be sure to contact Harry Perler or David Olejnik.