Citi Personal Wealth Management
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If a parent or spouse needs temporary help, say, recovering from surgery, many of us will likely find some way to muddle through. Instead, the big decisions—and the hefty expenses—often occur when a family member suffers a permanent deterioration in physical or mental health. Elder care planning can make all the difference—and that means taking steps to address it before a crisis hits.
Whether you are thinking about care for yourself, your spouse, or your parents, this may be a good time to find out what everybody's wishes are—and where things stand financially, including:
Once a family member needs ongoing, long–term assistance, whether at home or in a facility, here is a checklist of steps to consider taking:
To get a quick initial projection on costs for home care, assisted living and nursing care, try out the Citi Personal Wealth Management long–term care planning tool.
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