Caregivers, in anticipation of a parent needing some organizational help, should be aware of where the bank books, check books, stock certificates. wills, insurance forms, living wills (which contain advanced medical directives such as DNR – do not resuscitate, DNI – do not intubate), are kept.
Candid conversations, when parents are self sufficient, will benefit them as they age. If they become dependent on their children or other caregivers, this financial housekeeping will avoid many problems and stress in the future.
jeff pearlman cpa