Wednesday, September 8, 2010
Search the Financial Library:    
Quick Find:   
Financial Solutionsplan Resource CenterCalculatorsMoney WiseFind a Planner

plan Resource Center

Special Situations - Elder Care

plan Resource Center
Managing Your Finances
Finances for Parents
Insurance
Investing
Retirement
Estate Planning
Social Security / Medicare
Special Situations
Divorce and Remarriage
Elder Care
Small Business
Taxes
Quick Guides

  Taking care of Elderly Parents  Medicaid
  Helping a Parent find the Right Housing  Paying for Custodial Care Out of Savings
  Home Based Health Care Services  If You are Paying to Support Your Loved One
  Living with the Family  Managing Affairs in the Event of Incapacity
  Other Housing Options  Being an Agent For an Incapacitated Loved One
  Nursing Homes  Going to Court to Help Your Loved One
  Helping a Parent find the Necessary Healthcare  Checklist for the Terminally Ill

Caring For Elderly Loved Ones

Taking care of Elderly Parents

Taking proper care of your parents as they age can be difficult unless you are prepared.

Senior years are supposed to be a time of peace. Yet, the challenges facing older persons are profound. Coupled with these issues is the task of finding the best way to pay for all of these costs. All this responsibility is thrust on your loved one when her ability to think clearly or remember facts can be limited. You can help your loved one during this difficult time.
What Is Eldercare
Eldercare involves getting the best medical and custodial care (help in performing general activities of daily living such as walking, bathing, and so on) in the most dignified and cost-effective manner for your loved one. Effective eldercare involves planning, knowledge, patience and, most of all, action. These issues may not be facing you directly, but may be affecting a spouse, parent, in-law, grandparent, former in-law, aunt or uncle, or a close friend. If you are the primary caregiver (the person who coordinates the decision making for your loved one), you face some tough personal challenges: huge demands on your time, increased stress and possibly, direct financial costs. Be prepared. All this may be happening just as you are facing your own financial and personal issues: retirement planning, raising a family, or pursuing your own career.


Article Content by Truebridge, Inc. All rights reserved. Copyright 2001-2010



Privacy Policy        Site Map         LGFCU Web Site        Home

   © 2010 Local Government Federal Credit Union. All rights reserved.
   Designed & Powered by Cambium Group, LLC