THE ILLNESS OF A PARENT
The illness of a parent can mean huge changes in your life whether you are single or have your own family. The impact can be financially devastating. A Carte advisor can assist you in understanding the issues and what is possibly at stake and how they can be minimized and/or resolved to ensure that during this difficult time you are not burdened with financial problems.
THESE ARE SOME OF THE QUESTIONS THAT WE SHOULD CONSIDER
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What are the implications if my parent is unable to make their own decisions?
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Who will be in control of my parents’ finances?
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What are the sources of funding available to ease the financial burden?
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What are the implications for my parents’ estate plans?
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What sort of living arrangements are available if my parent needs in-home assistance or needs to consider out-of-home care?
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How can I evaluate the sort of care that is available?
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Is there tax relief available if my parent is incapacitated?