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How To Start The Legal And Financial Process For Long-Term Planning

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Ensure you're not caught off guard when it comes to your aging loved one's finances and legal plans. Failing to plan ahead can lead to crisis moments where quick decisions must be made.

In the U.S., aging is often not discussed or planned for adequately, unlike in other countries. Busy lifestyles mean older adults are less likely to have daily conversations or address sensitive topics like end-of-life wishes or financial/legal plans.

Here are some common observations:

  1. Longer Lifespans: Yup, we're living longer! Many seniors haven't planned for their extended life expectancy due to fear or embarrassment about their financial situation.
  2. Desire for Independence: Often, parents don't want to be parented! Seniors may hesitate to share their financial affairs, fearing their children might take over.

It's never too late to start a dialogue and create a comprehensive plan that aligns with your loved one's wishes and needs.

How to get started

  1. Explore Legal Guidance: Encourage your loved one to consult with an Elder Law Attorney specializing in estate law and planning. They can protect assets from probate and provide tailored solutions. The cost of hiring such an attorney is minimal compared to potential tax implications. For more information on this topic, refer to the National Academy of Elder Law Attorneys website or the National Elder Law Foundation.
  2. Discuss Financial Planning: Help them find a Certified Financial Planner to optimize their resources, explore additional revenue streams, and manage proceeds from property sales. This is crucial for seniors planning for senior living or long-term care. To find a Certified Financial Planner near you, visit

Feel like you need additional guidance or individualized support?

Our team of Certified Senior Advisors® and Certified Dementia Practitioners® has successfully assisted hundreds of families. We offer a single point of contact for all services you or your loved one might need when transitioning from longtime homes. We ensure a stress-free move that allows you to focus on the transition rather than the logistics.

Click here to start the conversation!

You can also call us directly at 617.227.1600 or email: [email protected]

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