Tag: aging parents
November is National Family Caregivers Month
November is National Family Caregivers Month.
“Family members, friends, and neighbors devote countless hours to providing care to their relatives or loved ones. During National Family Caregivers Month, we recognize and thank the humble heroes who do so much to keep our families and communities strong.” – President Barack Obama
Family caregivers are everywhere. According to a 2013 Pew Research Study on the Sandwich Generation: Nearly half (47%) of adults in their 40s and 50s have a parent age 65 or older and are either raising a young child or financially supporting a grown child (age 18 or older).”
Even Millennials are affected. In a study by the AARP, Millennials spend on average 21 hours per week on family caregiving. That is almost a part-time job.
Furthermore, caregiving is taking its toll. Kerra L. Bolton AND Tasha Robertson wrote a sobering article, Caregiving is Killing Us: A Nation of Daughters in Crisis. They cite a 2011 MetLife study estimates that female caregivers lose about $324,044 in lost wages and Social Security benefits.
In order to support caregivers, I am joining AlzAuthors in discounting books for family caregivers. You can see the discounted books by clicking this link.
Estate Planning for the Sandwich Generation: How to Help Your Parents and Protect Your Kids.
The Kindle version is on sale for $2.99 from November 7 – November 13th, a 70% discount.
Get your copy by clicking this link.
Comprehensive and practical…as a Certified Caregiving Consultant, I will certainly be recommending this book as a resource.
– Elizabeth B. Miller, Certified Caregiving Consultant, Happy Healthy Caregiver
How to talk to aging parents – tips for a family meeting
Getting together with family, especially during the holidays, is a great opportunity to catch up with your parents. As your parents age, you and your siblings may want to talk with them about any health concerns and their future plans.
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It’s National Estate Planning Awareness Week!
Did you know October 19 – October 25th, 2020 is National Estate Planning Awareness Week?
Now you do!
Here are some fun facts:
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National Estate Planning Awareness Week is celebrated in the 3rd week of October.
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The National Association of Estate Planners & Councils (NAEPC) led the effort to educate people about the importance of estate planning.
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It was passed by Congress in 2008.
And here are not so fun facts:
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Are you a member of the Sandwich Generation?
Are you a member of the Sandwich Generation? Do you care for your children but also help take care of your aging parents? Even if they do not live close by, do you have concerns about their care?
Continue reading “Are you a member of the Sandwich Generation?”
What is a Durable Power of Attorney?
A Durable Power of Attorney, also called a Financial Power of Attorney, is a legal document that allows you to designate another to make all your financial and business decisions. An “agent” is the person you designate to act as your power of attorney, also called “attorney-in-fact.”
You can use a Durable Power of Attorney if you are hospitalized, in a coma, or even just out of the country. A Durable Power of Attorney is not contingent on you being unable to handle the transactions yourself. If you have one or more businesses or private bank accounts, you may want someone to stand in for you to manage your affairs if you can’t.