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Planning for an Elderly Parent

May 04, 2017

It’s a simple fact of life: we are all getting older. The baby boomer generation is already seeing its’ members in their 60’s and 70’s, joining AARP, retiring and finally qualifying for those sweet senior discount cards at the grocery store. For many of us, this means our parents are reaching their golden years and with that comes certain responsibilities. What if a parent gets sick or needs hospice care? Are you prepared to help your parents move into a senior living community? What other financial responsibilities might pop up? Careful consideration must be given to all these scenarios, and there is no time like the present to begin planning for what might come next. Luckily, Don Kemp and his team at Community Risk Advisors are here to help.

Considering Your Next Steps

Though caring for an aging parent or parents can come with a host of responsibilities, we want to focus on what your situation might mean for your financial well being. This means breaking down each potential cost and planning your financial future based on the possible outcomes. These can include, but are not limited to:

  • Hospice care
  • End of life expenses
  • Moving and housing expenses

These aren’t exactly fun topics to discuss, but planning ahead may end up being what protects you from financial ruin. This can mean everything from balancing you and your parents’ expenses to choosing a funeral home; every little bit of advanced budgeting helps.

Community Risk Advisors Can Help

Don Kemp and the team at Community Risk Advisors want to help you with that plan, be it big or small. We integrate planning, protecting, saving and growing into a single plan, and will work with you every step of the way putting that plan in action. Call us today at 678-473-6735 or e-mail