14 Essential Questions to Ask Aging Parents This Holiday

Dec 05, 2023
Essential Questions to Ask Aging Parents

About 45 percent of adults say they plan to travel for the holidays, per  The Vacationer .

With multiple generations getting together for holiday meals, gift exchanges and quality time, these annual gatherings present an opportunity to broach sensitive but important topics with your aging loved ones. By communicating with them and knowing their wishes, you can help them plan for their future.

Key Considerations in Aging

Understanding how the older adults in your life feel about certain issues – such as where they want to live and what kind of care they would like to receive as they continue to age – can help you provide appropriate support. Having these discussions can also help your loved ones reflect on their goals and consider making plans before there is a crisis.

If your family member still needs to meet with an estate planner, you can also suggest taking this step. Connect them with a qualified elder law or estate planning attorney in their area.

According to Caring.com's 2023 Wills and Estate Planning Survey , two out of three Americans have yet to make an estate plan and do not have any estate planning documents. Such documents can include a will, power of attorney, portable medical order, or advance directive. Barriers to estate planning include procrastination and not believing one has enough assets.

Yet, while we often think of estate planning as making wills and determining who receives assets, it is an integral part of preparing for old age. It encompasses housing and long-term care, financial planning, medical care, and insurance. Creating an estate plan involves making decisions about how people would like to live and receive care as they age.

Most people could benefit from this type of planning (no matter what their age). Talking with your loved ones can be an initial step to help them develop a plan that preserves their autonomy in old age.

What to Discuss With Your Older Loved Ones

As the holidays get underway, prompt your family members to start thinking about their future. You may encourage them to consider the following topics and questions.

Housing Options

AARP   reports that 77 percent of adults 50 and older want to age in place instead of moving into senior living. Yet remaining at home poses safety concerns for many families, according to the  National Institute on Aging .

Older adults may eventually need help with activities of daily living (ADLs), household tasks, mobility, meals, health care, and transportation. Families may be able to provide caregiving or explore in-home services. Others may choose assisted living.

The following questions may help to spark meaningful discussions between you and your aging loved ones.

  1. Where do they want to live? Do they want to live at home as they get older, or would they prefer to reside in a senior living community?
     
  2. If they would like to stay at home, is the residence adaptable to any potential mobility difficulties they may face down the road?
     
  3. What kind of additional support might they need?
     
  4. Who will help with their activities of daily living and household chores such as preparing meals or cutting the grass?

Health Care Preferences

Health challenges often accompany aging. According to the  National Council on Aging , 95 percent of adults 60 and older have at least one chronic condition.

As the seventh leading cause of death worldwide, dementia affects many older adults, per the  World Health Organization. The  National Institute of Health  reports that one in seven Americans age 71 and older have dementia.

Older adults should think about and communicate their health care wishes with their families before an adverse health event occurs. The following questions can help families begin these difficult discussions.

  1. Do they have a power of attorney or living will, or are they planning to create one?
     
  2. What would make life continue to be worthwhile for them if they were to become frail, ill, or develop dementia?
     
  3. Would they want medical care to prolong their life if they have a terminal, incurable illness?
     
  4. If they fell ill, would they prefer to pass away at home in hospice or in a medical setting?

Personal Values

Having a clear picture of what someone would value most at the end of their life can help families provide support. Erik Erickson's stage theory of  psychosocial development  suggests that older adults living in line with their personal values may feel peace, wisdom, and acceptance.

Physical and cognitive decline associated with aging can jeopardize autonomy. This is why knowing your loved ones' values and wishes can help you more effectively support their independence. They should have a plan in place for end-of-life decisions so that, if necessary, you or another surrogate decision-maker can make choices that reflect their wishes.

These questions present a good starting point.

  1. What does your loved one believe they will come to value most as they grow older?
     
  2. Is religious or community involvement important?
     
  3. What do they define as a good life?
     
  4. What do they feel would be most essential to them in their final years?
     
  5. What kind of funeral or memorial service would they envision for themselves?
     
  6. Have they thought about passing certain sentimental items, such as photo albums and jewelry, to certain family members?
12 Sep, 2023
After losing a spouse or longtime partner, it’s difficult to look past your grief. However, it’s crucial to understand the important and timely decisions you must make regarding your finances and personal estate plan.
08 Aug, 2023
If you own a firearm of monetary or sentimental value, you may wonder how to transfer ownership to your loved ones after you die. In addition to creating a will, you may want to make special arrangements for your weapon.
01 Aug, 2023
Generally speaking, beneficiaries of retirement plan accounts and Individual Retirement Accounts are subject to required minimum distribution ( RMD ) rules. Most people who inherit this type of retirement account now must withdraw all the funds from that account within 10 years. Exceptions to this include the following:
31 Jul, 2023
In response to upcoming federal and state law changes, estate planning is becoming more dynamic than ever. These laws affect estate planning tax, trust, and charitable strategies, and the higher your net worth, the more critical it is to re-evaluate your plan.
24 Jul, 2023
As the baby boomer generation ages alone, fewer and fewer family caregivers are available to assist them. The ratio of caregivers to care recipients has fallen and is projected to continue for the next forty years. According to the Pew Research Center, 20 percent of baby boomers are childless. That number is double the previous generation. Additionally, over 40 percent of boomers don't have a spouse or partner and have children living more than 500 miles away .
17 Jul, 2023
It is common for people to seek wealth transfer and estate planning strategies that not only preserve their assets but also benefit them financially during their lifetimes. One such strategy is the grantor-retained income trust (GRIT).
10 Jul, 2023
During Jeanette's mother's hospitalization, Jeanette's father begged her to take care of her mother if he ever became unable. Of course, Jeanette said, "Yes." Years later, Jeanette's father passed. Her mother's hearing and eyesight failed, she could no longer drive, and she had fallen several times. Jeanette remembered the promise to her father.
03 Jul, 2023
The Achieving a Better Life Experience (ABLE) Act was passed by Congress in 2014. This created tax-advantaged accounts for people with disabilities. Funds can grow tax-free if used for qualifying expenses. Before the ABLE Act, if a person with disabilities had more than $2,000 in their name, they would lose Medicaid or Supplemental Security Income (SSI) benefits. ABLE accounts allow people with disabilities to have more than $2000 in assets without losing valuable financial support.
26 Jun, 2023
It is important to assemble the right team of professionals to create your estate plan to ensure your legacy is protected for your heirs. Aside from an estate planning attorney, who often specializes in elder law, you may need the services of a certified public accountant ( CPA ) and possibly even an insurance specialist. Some estates may be large enough even to require valuation experts and trust services. Your elder law estate planning attorney understands the array of qualified information needed to create a sound estate plan.
19 Jun, 2023
Aging Americans are increasingly choosing to age in place as they get older. Nearly all older adults prefer to age in the comfort of their long-time homes and familiar community surroundings. Aging in place often means living alone. Pew Research findings show that older people are more likely to live alone in the United States than in any other country worldwide. This preference of living solo, however, comes with hidden danger. Research from Science Times reports that living alone in your fifties and sixties increases the likelihood of dementia by thirty percent.
More Posts
Share by: