top of page

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

  1. What are the implications if my parent is unable to make their own decisions?

  2. Who will be in control of my parents’ finances?

  3. What are the sources of funding available to ease the financial burden?

  4. What are the implications for my parents’ estate plans?

  5. What sort of living arrangements are available if my parent needs in-home assistance or needs to consider out-of-home care?

  6. How can I evaluate the sort of care that is available?

  7. Is there tax relief available if my parent is incapacitated?

bottom of page