Question and background: How should I discuss end-of-life care planning with my parents? As my parents start to age, I've been wondering about how to bring up the topic of end-of-life care and advance planning. It's a touchy subject and I'm not exactly sure how to start the conversation without giving off the wrong impression.
Financial Self-Defense for Seniors is a fantastic resource, listing 10 "Red Flags" to watch out for in protecting oneself from financial abuse. The book was written for older Americans and their loved ones and the CFP Board has made it available for you to personally download (pdf 2MB): Financial Self-Defense for Seniors
Generally, elderly parents want to remain living in their own home. However, remaining in the home becomes a concern when children see their parents slowing down, perhaps even having trouble with handling stairs and doing general daily activities. Yet, with parents' mental and physical health currently not creating problems, there seems to be no imminent need to search out support services or other accommodations for aging parents. This is the time to evaluate the home to make it safe and secure for your loved ones—now and in the near future—in anticipation of aging disabilities that may occur.