{"id":6196,"date":"2022-10-18T13:18:38","date_gmt":"2022-10-18T18:18:38","guid":{"rendered":"https:\/\/www.bentonhouse.com\/?p=6196"},"modified":"2024-02-09T13:12:57","modified_gmt":"2024-02-09T19:12:57","slug":"helping-your-aging-parents-plan-for-the-future","status":"publish","type":"post","link":"https:\/\/www.bentonhouse.com\/blog\/helping-your-aging-parents-plan-for-the-future\/","title":{"rendered":"Helping Your Aging Parents Plan for the Future"},"content":{"rendered":"

Helping Your Aging Parents Plan for the Future<\/h1>\n

Have you mapped out a plan with your aging parents to address what will be done as they move toward their more senior years?<\/p>\n

If you haven\u2019t yet, you\u2019re not alone. 53% of adult children<\/a> anticipate that talking through senior care options with their loved ones will be difficult.<\/p>\n

Most of Us Ignore “Getting Old”<\/h2>\n

Fact: we\u2019re all aging. And the majority of us tend to ignore that reality. While many of us may plan for finances, that\u2019s just a small part of the picture.<\/p>\n

Statistically, very few of us set up legal documentation to make sure our wishes are known to our families.<\/p>\n

For example, while 76% of people 65+ have a will<\/a>, just 22.6% of those 35-44 do.<\/p>\n

“Aging plans” Are Uncommon<\/h2>\n

The truth is, “aging plans” are rare. Many assume or even expect that family members will take care of them later in life.<\/p>\n

Some statistics:<\/a><\/p>\n

27% expect their spouse to care for them<\/p>\n

20% expect other family members to<\/p>\n

17% expect to use a professional, paid in-home caregiver<\/p>\n

16% expect to move to an assisted living community<\/p>\n

10% expect to move to a nursing home<\/p>\n

4 Reasons We Avoid Planning for Our Future<\/h2>\n

The question is, why do so many of us avoid thoughtful planning for our older years?<\/p>\n

Here are four common reasons<\/a> people often don\u2019t plan well for aging:<\/p>\n