Choices in Senior Care Blog

The Truth Behind A Place for Mom and Caring.com

Posted by Choices in Senior Care on Jan 20, 2018 2:39:00 PM

The internet is the new frontier in marketing.  Companies have learned how to use the system to effectively and efficiently market to their desired consumer group.  Some companies have also learned how to abuse this system.  Many companies have resorted to paying a “referral fee” to people or websites that will promote their products many times without directly acknowledging that they are being paid to do so.  This unethical practice is largely unknown

Read More

Tags: Rehabilitation, Savvy Caregiver, Safety, Senior care, senior living knoxville, skilled rehab, social media, socialization, stress awareness month, support for aging parents, The Trust Company, Transitioning home, Vascular Dementia, presents, elderly, multi-tasking, time saving tips, care, senior living options, emergency room, Erlanger Hospital System, Case Management, senior care chattanooga, hospital, University of Tennessee Medical Center, Kindred Hospital, Parkwest Medical Center, Healthcare

Providing support to aging parents

Posted by Jeremy Painter on May 6, 2015 10:43:35 AM

The following article was published in the Knoxville New Sentinel on April 18th, 2015.  Written by Sharon Pryse, this article offers a lot of great information related to providing support to aging parents.  A special thank you to Sharon Pryse and the Trust Company for sharing this article with us at Choices in Senior Care.

 

As we age, we have a greater appreciation for all that our parents have done for us.

As they age, they usually appreciate all we now need to do for them.

Caring for aging parents is something most of us will have to do at some point. This can get complicated even for those whose parents live nearby, but it is much more challenging when parents and children are scattered across the country.

What can you do to ensure a smooth transition into your parents’ elder years? Plan.

How can you and your parents plan, especially with so much uncertainty?

One thing you can count on, thanks to modern medicine, is that we are living longer. The quality of this longevity isn’t guaranteed, and may mean that some will need more assistance as they age. So, start planning sooner rather than later.

A few things to consider:

  1.  Who will handle your parents’ financial affairs if they are unable to do so?
  2.  Is that person prepared and capable to handle financial affairs?
  3.  Who do your parents want to make medical decisions if they can’t?

Your parents may have done a great job saving and investing, but studies show cognitive abilities diminish with age.

So, what is your parents’ plan B?

I recommend they consider consulting a geriatric care manager while they are still competent and healthy, and that they have a financial plan lined up in advance.

Geriatric care managers are experts on elder care who serve as patient advocates who ensure individuals get the treatment they want — or don’t want — either at their home or at a facility of their choice. They act as a liaison with family members and can often minimize family friction. A GCM is a fairly new concept but one those in their 70s might want to consider. More information can be found at caremanager.org.

As for a financial adviser, encourage your parents to look for an individual they are comfortable with, one with a good reputation and, if possible, one who accepts fiduciary responsibility.

Certified financial planners can be identified through cfp.net. Finding a person that handles tax and bill payment may also be an advantage.

Enlisting one child to handle all the financial matters can lead to disagreements and resentment among family members, which makes hiring an unbiased third party a prudent decision.

Assuring our parents have their plans in order will benefit everyone when the time is most critical.

Doing so can provide peace of mind and take a burden off your parents and yourself, allowing you both to live as worry-free in your later years as possible.

Sharon Pryse is founder and CEO of The Trust Co., a state-chartered bank with more than $2.5 billion in assets under management.

Read More

Tags: aging, Aging care, aging parents, General, Choices in Senior Care, Knoxville, knoxville senior care, Knoxville TN, plan for the future, Planning for the future, Senior care, Support, support for aging parents, The Trust Company, Trust

We Want To Hear From You!

Contact us today for a free 30-minute consultation.

Speak to one of our Aging Life Care™ Managers and find out the options for you and your loved one!

Some of our most popular services include:

  • Advocacy
  • Local Resources
  • Legal
  • Financial
  • Housing
  • Family
  • Crisis Intervention
  • Health and Disability

Subscribe to Email Updates

Subscribe to Siblings Do Care Podcast

Recent Posts

Posts by Topic

see all