What Do I Need to Know Before Crisis Hits?
A Genworth Financial study showed that 7 in 10 Americans over the age of 65 will need long-term care at some point in their life. Over 90% have not discussed long-term care with their loved ones. Will you be ready if and when crisis hits? What important things must one consider?
Questions to Ask Your Loved Ones
First and foremost, it’s important to have an honest conversation. Some questions you can ask your parents are:
- Have you explored senior living and other care options?
- What is your perspective on long-term care?
- How do you want to live out your life?
- What are your medical and safety needs?
- What can you afford?
- Is all necessary paperwork completed? Is it easy-to-access in case of emergency? (Specifically, ask about financial and medical powers of attorney, Do Not Resuscitate orders, and a will.)
- Are all your loved ones, family, and friends on board with your long-term plan?
- Is your long-term plan finalized and in writing?
Get Professional Help
Secondarily, it’s important to get some professional help. If answering these questions seems overwhelming, begin by talking to:
- Milwaukee County Department on Aging, Aging & Disability Resource Center (ADRC)
- Elder law attorney
- Primary care physician
- Financial adviser
- Retirement & long term care communities
- Geriatric care manager/social worker
While exploring professional help, you can:
- Find out where the necessary paperwork is located
- Put a plan in writing so it can be implemented at a moment’s notice