Caring for Aging Family Members
As the first of a three-part video series on generational wealth transfer, Brian Cochran sits down with Susan Stuart, a care manager with over 27 years of experience in guiding New Mexico’s elderly through the often complex and overwhelming processes of aging and receiving care. We discuss some of the signs you may be approaching the time when you’ll need some extra help, what to consider before appointing a loved one as a decision-maker, and what practical steps to take next.
As you watch, here are a few questions you may want to consider and discuss with your loved ones:
- Do you have your important legal documents in place, such as a will, medical power of attorney, and financial power of attorney?
- Have you spent some time to reflect on your values and wishes for your health and lifestyle as you age? For example, how do you feel about a managed care facility or professional care management services? Do you have a financial plan in mind for covering long-term care at home?
- If you have a decision-maker in mind, have you spoken to them about your wishes and made sure they’re on the same page?
- Have you begun to assemble a care team, including people like your attorney, financial planner, healthcare providers, and other professionals? Have you communicated their contact information to your proposed decision-maker?
We encourage you to share this video with your children or other potential decision-makers in your life as a starting point to set up a plan for these important discussions. We also encourage you to reach out to a professional for assistance in care management. You are not alone in navigating these choices, and having professional guidance can help you set up a care plan for the future that can minimize stress and uncertainty for you and your family.
Resources in this Video
Susan Stuart, BUS, CC, NMG