As parents get older, many find themselves becoming more and more concerned about their care. There are many things that will need to be decided when your parents are no longer ale to care for themselves. In my experience, I have found it to be a good idea to plan for these types of things well in advance. Even though your parents may not want to discuss the topic it is best to try and sit down with them and do so.
You will want to find out what their plans are for the future. When they retire where do they plan on living? Do they have enough money to provide for their care, when they can no longer care for themselves? Would they object to moving in with you or you moving in with them when they are no longer able to care for themselves? These are all very important questions that will need to be discussed between child and parents when they are approaching retirement age. Even though your parents may still be in excellent health, planning in advance will help to make sure no one is burdened when something happens and that there is a plan in place. It will also give your parents comfort and peace of mind to know that they will be well cared for during this time. Most parents will not want to go into a nursing home, so if proper steps are taken you can have arrangements made to have them cared for in their own home.
Prior to sitting down with your parents you will want to make up a list of topics that you want to discuss with them. Have all of your questions written out. If you have several siblings in the family, you should all sit down with your parents together. It is not necessary for your parents to give you their entire financial situation at that time, but they should tell you how you can get the information if something were to happen. Although it can be a bit of a touchy subject you should also make sure that your parents have some type of “Will” in writing. They will need to also designate a power of attorney over their money just in case they are no longer able to care for themselves. Reassure your parents that you are not trying to take control of their life. Let them know that these questions are just to help to ensure that they are properly cared for and that all of their wishes are followed exactly. You can even have them make up a list of what they want down in the case they become to ill to care for themselves. When speaking with your parents try not to recommend much, instead allow them to give you the information. If they are not sure what they want tell them to take some time to think about, and offer to help them do a bit of research. This way the decisions that are made will be completely theirs. Remember that advance planning into eh case of parents is a necessity for all families.