Providing care for aging parents, spouses, family members or friends can often be anticipated and planned, but unexpected challenges frequently arise. CPA financial planners help clients and their families prepare for these complexities.
Caregiving conversations with clients should start early to avoid costly last-minute decisions and mistakes. This also allows more time to involve other experts, such as attorneys, real estate and medical professionals, and insurance providers.
Given clients' individual circumstances, CPA financial planners can guide their clients and clients' families facing life stages of greater need and declining independence. Consider these tips.