Sudden Health Events: Helping Clients Navigate Aging-Parent Caregiving Choices (CFP® CE)

When an aging parent has a sudden health event, whether it is a fall, hospital stay, or new diagnosis, a single phone call can thrust a client into the world of caregiving, impacting both their day-to-day and financial lives. 

In this session, Shelitha Smodic walks through how advisors can help clients navigate the immediate financial and logistical shocks that follow an aging parent’s health event, without becoming the client’s primary caregiving coordinator. Using scenarios that reflect different prognoses, from temporary to terminal, Shelitha covers a practical checklist of planning considerations, along with common caregiving resources, such as in-home care, adult daycare, private care coordinators, and CCRCs with real cost benchmarks, so advisors can help clients move quickly from crisis to next steps.