Caring for Your Aging Parents: A Seven-Step Guide

caring for your aging parents: a seven-step guide

Caring for Your Aging Parents: A Seven-Step Guide

Aging certainly is part of the circle of life. If we are all fortunate, someday we can repay the favor of our parents caring for us, by caring for them. It is a time in one’s life that does not come easy and should be handled with the utmost care. In my line of work, I witness the tolls and stress caring for an aging parent can have on both the child and the parent. Albeit, no easy task, there are certainly best practices developed by many elder care experts I thought appropriate to share with you here today.

Below is a seven-step guide that is practical and easy to follow for caring for an aging parent (or family member):

1. Assess their needs.

Start by understanding your parents’ specific needs across all facets of their lives. This should span from family support, home safety, medical requirements, cognitive health, mobility, personal care, meal prep, social interaction and exercise. It is important during this stage that you properly evaluate what current support there is in these areas and where additional support/resources are necessary.

2. Consider your capacity.

Although we all want to be able to help our most precious loved ones, it is important to do some self-assessment of your actual capacity to do so. You should assess your own health, proximity, living preferences and relationship quality with your significant other.

Being able to acknowledge when you are not the appropriate caregiver is just as important as acknowledging when you are the right person. This should allow you to understand where you may need some help and where you might not.

3. Involve your parents.

It is an important step to not make decisions in a vacuum. You should absolutely, assuming they’re able, include your parents in these discussions. It is safe to say they are likely to have some opinions on the who, what and where of their aging needs. I’d also add in here to include your immediate family as well, since, as they say, it will take a village.

4. Understand their finances.

Bet you didn’t see this one coming?! Elder care can be not only physically and mentally draining, but it can also be financially draining. Before curating a care plan, it is important to understand the financial landscape. The questions to be asked are what kind of care do you anticipate your parents needing? What are the estimated future costs of their needs? What do their current finances look like? Is anyone in your family going to assist financially if needed?

Answering these questions can help you assess the financial needs and, thus, understand what the optionality is for care. I’d also highly suggest involving your, or their, financial experts to help assist in this process.

5. Ensure their home safety.

Remember how I mentioned life comes full circle? Bet you remember baby-proofing your home once upon a time so your little ones wouldn’t smash their little heads. Well, full circle, here we come. You will want to “parent-proof” your parents’ home to prevent accidents.

This can entail home modifications, decluttering, installing grab bars, improving lighting and making general accessibility enhancements where needed. This is an important step and one that can enable your loved ones the dignity to stay in their own home for as long as possible.

6. Facilitate communication.

Regardless of your ability to physically care for your loved ones, every one of us can help with a communication plan. This cuts two ways. For starters, you’ll want to make sure your parents have the appropriate accessible communication devices to reach out in times of need.

Additionally, you can help by combatting loneliness. Just because you are super busy every day, doesn’t mean your aging parent is as well. Take time regularly to reach out and check in on these special people. It is the easiest thing to do and likely will go the longest to preserving dignity for all.

7. Explore care options.

The final stage is to fully understand what care options are available. You can take this on yourself or utilize a professional geriatric care manager. You or they can help assess what in-home options or assisted living options are available based on preferences, needs and finances.

Even if you’re not ready to utilize the options today, it is important to know where you are going to turn if/when the comes.

If you follow these seven easy steps, you’ll at least have a good start on handling this difficult time in your lives with dignity. There are plenty of professionals who can help along the way, so take a deep look in the mirror when considering what you are capable of and what you are not. Use help, involve your family and handle it with care. Sending love to all, and stay wealthy, healthy and happy.

Diversified is a registered investment adviser, and the registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the SEC.

A copy of Diversified’s current written disclosure brochure which discusses, among other things, the firm’s business practices, services and fees, is available through the SEC’s website at: www.adviserinfo.sec.gov.

Diversified, LLC does not provide tax advice and should not be relied upon for purposes of filing taxes, estimating tax liabilities or avoiding any tax or penalty imposed by law. The information provided by Diversified, LLC should not be a substitute for consulting a qualified tax advisor, accountant, or other professional concerning the application of tax law or an individual tax situation.

Nothing provided on this site constitutes tax advice. Individuals should seek the advice of their own tax advisor for specific information regarding tax consequences of investments. Investments in securities entail risk and are not suitable for all investors. This site is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction.

Related Content

    OTHER NEWS

    17 minutes ago

    Watch: Kinkajou found at Washington rest stop gets temporary zoo home

    18 minutes ago

    Fact Check: About the Claim That 4 Venues Canceled Taylor Swift's Concerts Due to Profanity

    18 minutes ago

    Ukrainian drone strikes ignite Russian fuel depots: overnight attack in Tambov

    18 minutes ago

    Brand new Orlando Pirates winger’s flashy skills (WATCH)

    18 minutes ago

    Weekend rain bomb about to strike Australia along with polar blast

    18 minutes ago

    US July Fourth cookout costs up by 5% this year, survey shows

    18 minutes ago

    UK weather: Exact date Met Office forecasts major 'cold front' after 31C heatwave

    18 minutes ago

    SoftBank shares rise on $1.86 billion debt offering as CEO talks up 'super' AI

    18 minutes ago

    England are 8/13 favourites to win the PDC World Cup of Darts - while there are 9/2 odds available for Netherlands to be crowned champions

    18 minutes ago

    Video: BBC's The One Show plunged into chaos as Stacey Dooley is rushed off set during live chat

    18 minutes ago

    Video: Douglas Is Cancelled's first episode sparks speculation over identity of star who inspired the ITV cancel culture drama as viewers praise star Karen Gillan's performance

    20 minutes ago

    Camila Cabello says the Drake vs Kendrick Lamar feud is ‘frustrating’

    21 minutes ago

    'Deadpool & Wolverine': Everything you need to know before seeing the movie

    21 minutes ago

    Sole reformist in Iran poll votes, then says: 'We will try to have friendly relations with all countries except Israel'

    21 minutes ago

    Women who say they were abused by ex-Jesuit artist ask Catholic bishops to remove his mosaics

    23 minutes ago

    India looking into allegation Foxconn denied married women jobs at iPhone factory

    23 minutes ago

    Sir Jim Ratcliffe risks wrath of Man Utd stars with final decision on key Erik ten Hag ally

    23 minutes ago

    Chelsea also express interest in Leeds United midfielder Archie Gray — report

    23 minutes ago

    Nigerians strive to bring mangrove forests back to life

    23 minutes ago

    Dublin drops from 32nd to 39th most liveable city as Vienna retains the top spot - survey

    23 minutes ago

    Tallest skyscraper in City of London is set to get go-ahead

    23 minutes ago

    Study exposes alarming rates of drink driving among wedding guests in the UK

    23 minutes ago

    Served up from the sea: 10 of the best sustainable eateries on the British coast

    23 minutes ago

    UK economy grew more than first thought at start of 2024, says ONS

    23 minutes ago

    Huge 7.2-magnitude quake strikes off Peru

    23 minutes ago

    I spent £24,000 on vets in two weeks trying to save my beloved dog Kia before she died. Don't repeat my mistakes

    23 minutes ago

    Video: Wellies, soggy tents and raincoats - then T-shirts! Glastonbury revellers soaked in downpours before the sun breaks through again - as festival-goers battle rail chaos at Paddington on pilgrimage to Worthy Farm

    23 minutes ago

    Netflix Leans On Japanese-Korean Connection For ‘Soul Mate’; Ok Taec-yeon & Hayato Isomura To Star

    25 minutes ago

    Jock Zonfrillo’s widow Lauren shares heartbreaking throwback snap of MasterChef Australia judge

    28 minutes ago

    Video: Biden's horrific 'car crash' debate performance throws his entire presidency into doubt and sparks panicked calls from Democrats for him to step down - but president refuses to step aside as he visits a Waffle House

    28 minutes ago

    Hyundai Inster will be its smallest EV yet with an affordable price tag and clever party trick in its cabin

    28 minutes ago

    Video: Biden's horrific 'car crash' debate performance throws his entire presidency into doubt and sparks panicked calls from Democrats for him to step down - but president refuses to step aside as he visits a Waffle House

    28 minutes ago

    Former Premier League star claims Neymar 'could' make a SHOCK move to England this summer and names the one top-flight club he'd 'love' to see the Brazilian winger join

    28 minutes ago

    The speed cameras that can catch you driving on the phone: Convictions soar 90% with hi-tech roadside devices now capable of snaring offenders

    28 minutes ago

    Ready for better sleep? Emma's bestselling hybrid mattress is on sale with over £450 off (plus more deals you don't want to miss from pillows to bedding)

    28 minutes ago

    The BEST LOOKFANTASTIC deals on perfume, makeup, haircare and more - including 20% off premium beauty and fragrance (featuring Sol De Janeiro, Estee Lauder, YSL and more)

    28 minutes ago

    This under-£30 vitamin C serum is the key to 'young and vibrant' skin according to reviewers: 'Even my beautician noticed the effects!'

    28 minutes ago

    Is Amazon Prime Day REALLY worth it? MailOnline's shopping experts have been writing about it for years - here's what they really think

    28 minutes ago

    Ex-Arsenal star Theo Walcott recalls training ground incident that left Arsene Wenger 'afraid' of Mikel Arteta... as he claims the Spaniard was destined for management

    28 minutes ago

    Ready for better sleep? Emma's bestselling hybrid mattress is on sale with over £450 off (plus more deals you don't want to miss from pillows to bedding)