Helping Your Elderly Parents Organize and Update Paperwork

If your parents are elderly and in poor health, they may need some help organizing and updating their paperwork.  The National Institute on Aging (NIA) suggests that lending your parents a hand with this task may be one way you can help even if you live out-of-state and are not able to assist in their day-to-day care.  Updated paperwork is also helpful to you and other caregivers in the case of a medical crisis or if you are asked to weigh-in on financial, legal or other medical decisions.  

The experts offer several tips on what you need to gather and should include your parents’ medical records and a current list of medications and dosages.  Also, you want any record of their sources of income and assets such as bank accounts, pensions, life insurance policies, IRAs, 401(k)s, and other investments.  You additionally will need a list of their liabilities, and if they own a home, find out what their monthly/annual obligations are including mortgage payments, property taxes and insurance.

This is a good time to find out if they have a will or to discuss with them any plans they may have already made or need to make regarding advance directives including a durable power of attorney.  Planning for future health care decisions is important as it ensures a person gets the medical care they want if they are unable to speak for themselves.

You will probably need to plan on spending some time with your parents in order to get everything organized but it will be worth it in the long run.  The NIA cautions that older people can be protective of their personal and financial information so be respectful. Explain that you are not being nosy but rather want to be prepared in the event of an emergency.   

If your parent needs more care than they can get at home, we encourage you to consider one of the best senior living communities Fountain Hills AZ has to offer, MorningStar of Fountain Hills.  Our luxury community is designed to meet the needs of seniors with unparalleled assisted living and memory care.

At MorningStar of Fountain Hills, we exemplify the very best in senior living with our unique mission statement of “to honor, to serve, to invest.” Our foundation is built on honoring God, valuing all seniors and selecting staff with a felt calling to serve…all of which contributes to creating a true home for residents amid a beautiful, serene setting. Please call to schedule a visit to see firsthand one of the finest senior living communities Fountain Hills AZ offers.