Practical Advice on Caring for Aging Parents
We’re getting older, we’re living longer, and we’re changing what it means to age. We’re also entering new territory. How do we plan for longevity, what does it mean to age well, and how can we - and those we love - live safely, securely, and independently for as long as possible?
We believe true retirement readiness is about more than savings and investments. It’s about living - and aging - well. A comprehensive plan needs to address longevity, health care, and end of life - as moments that matter for you, your family, and your finances. We believe your plan is most secure when your aging loved one’s plans are too. That’s why it’s critical to think and talk about the decisions that may be around the corner for you and your family.
You will discover:
- How the "Sandwich Generation" can excel in spite of relational stresses
- The four estate planning misconceptions to avoid
- Proven dementia behaviour management techniques
- How to avoid double taxation on your parents' retirement accounts
This intensive half day bootcamp is for you if:
- You have noticed your parents’ behaviour recently change and aren’t sure what to do next
- You and your siblings disagree on how best to care for your aging parents
- You are concerned about your parents’ ability to manage their finances independently
- Your loved ones are contemplating a move to a health-assisted living community
- You are looking to initiate a family meeting to discuss your parents’ estate plans
- You are looking for a better understanding of caring for parents’ facing mental health challenges
- You are beginning to talk with your loved ones about their plans and wishes for end of life
The Sessions
Family Support in Graying Societies: How to cope with an aging population
Doug Towill, BComm, MBA - Senior Vice President, CI Investments Inc.
Canada is turning gray, with the number of people aged 65 and older expected to nearly double by 2050. This major demographic transition has implications for the economy, government programs such as Old Age Security, and families across Canada. Among adults with at least one parent 65 or older, nearly three-in-ten already say that in the preceding 12 months they have helped their parents financially. Over 60% report assisting a parent with personal care or day-to-day tasks. In his session, Doug will dig deeper into these statistics, and highlight why personal and estate planning provides a unique opportunity for caregivers of aging parents.
The Big Squeeze: Facing the Multi-Layer Stresses of the Family Sandwich
Dr. Dave Currie, PhD - Marriage & Family Counselor, Doing Family Right
Caring for an aging parent can be extremely stressful. It is not uncommon for that stress and burden to take a toll on you, your relationship with your spouse, and even your parents themselves. In this session, we’ll dig into the emotional, relational and spiritual challenges facing the “Sandwich Generation” and what you can do to alleviate the pressures.
Living at Home Longer: Supporting your aging parents’ transition
Dan Levitt, MSc., CHE - Executive Director, Tabor Village
As your parents enter their middle senior years, they may find their house more than they can cope with. Yet with all the changes in their life, their home provides a haven of familiarity and stability. Do they downsize? Move to a care facility? Or is there another option? In this session, learn how aging and physical change impacts safety in the home, how to tour your parents’ home for hazards, how to modify the home for easier living, keys to arranging informal and formal home care, and signs that their needs may have outgrown the current living arrangement.
Financial Resilience: How to finish well and leave a lasting legacy
Brad Willems, CFP - Vice President, Senior Wealth Advisor, Assante Financial Management Ltd.
Learn how to help your parents minimize or even eliminate taxes on their estate, how to avoid double taxation on their retirement assets, how to bypass paying up-front capital gains taxes when selling investments, and how to convert assets into an income they can’t outlive while still leaving a lasting legacy. More importantly, why does legacy even matter? All this and more, in Brad Willems’ presentation.
To Plan or Not to Plan: Two ways to deal with legal complexities
Sheri Yakashiro, J.D. - Lawyer (Associate), RDM Lawyers
Estate planning reduces the likelihood of costly and emotionally charged litigation during one of the most delicate seasons in our life. In this session, we’ll look at the documents and strategies used in estate planning. At the same time, Sheri will dig into the biggest estate planning misconceptions relating to joint-tenancy for real estate, entitlement to the estate under WESA, intestacy (death without a will), and the probate process.
When
Saturday, May 6, 2017
Registration at 8:00 a.m.
Bootcamp begins at 8:30 a.m.
Where
Quality Hotel & Conference Centre
36035 N Parallel Rd, Abbotsford, BC V3G 2C6
Pinnacle Ballroom
Tickets & Registration
$24.99 per person
Register online at OurTurnToParent.eventbrite.ca or by calling (604) 859-4323.
Are you a client or friend of the Willems Wealth Planning Group? Use promo code WELLADVISED for your complimentary tickets!