When a parent needs care, life shifts in ways you don’t always see coming.
The emotional weight alone is heavy, and the financial decisions that follow rarely give you time to catch your breath.
I don’t know what their finances look like.
I feel like I’m figuring this out alone.
How do we pay for their care without wiping out their savings?
Am I putting my own retirement at risk?
Caring for a parent is hard enough without the financial uncertainty that comes with it.
We help ensure the people you're caring for are financially protected, and that you are too.
How We’re Here to Support You
Planning for the Cost of Care
Building a financial strategy around the real cost of caring for an aging parent, so the burden doesn't fall entirely on your family and decisions don't have to be made in crisis mode.
How We Help
- Long-term care (LTC) cost projection and planning
- Care funding strategy and asset allocation
- LTC insurance evaluation and coordination
- Hybrid life and LTC policy review
- Medicaid planning and eligibility coordination
- Self-funding and asset-based care strategies
- Medicare and supplemental coverage review
- Integration of care costs into the family financial plan
Most families don't think about the cost of care until they're already in the middle of it. By then, the options are narrower, and the decisions are harder. We help families get ahead of it by understanding what care actually costs, what resources are available and how to structure a plan that protects everyone involved.
Protecting Your Parents’ Financial Plan
Making sure your parents' assets, accounts, and financial documents are in order so their wishes are protected and their wealth is managed as they intended.
How We Help
- Financial account review and consolidation
- Beneficiary designation and asset titling review
- Power of attorney and healthcare directive coordination
- Estate document review and coordination
- Protection against financial exploitation and fraud
- Income and withdrawal strategy review
- Coordination with estate attorneys and CPAs
- Social Security and Medicare benefit review
When a parent's health begins to decline, their finances often become a family responsibility... sometimes suddenly. We help adult children understand what's in place, identify what's missing and ensure their parents’ financial life is organized, protected and aligned with their wishes before decisions must be made under pressure.
Balancing Your Parents’ Needs With Your Own
Making sure the financial and emotional weight of caring for an aging parent doesn't come at the expense of your own retirement, savings, and long-term plan.
How We Help
- Personal financial plan review and adjustment
- Retirement timeline impact assessment
- Cash flow and budgeting strategy around care costs
- Insurance and risk management review
- Estate and legacy planning for your own family
- LTC planning for yourself
- Coordination of your financial plan alongside your parents'
- Ongoing monitoring and plan adjustment as needs evolve
Caring for an aging parent is one of the most selfless things a person can do... and one of the most financially overlooked. The cost of care, the time away from work and the emotional weight of it all can quietly impact your own financial future in ways that are easy to miss until they become hard to ignore. We help you take care of the people you love without losing sight of your own plan.
Centaurus Financial, Inc. and its representatives do not provide legal or tax advice. Please consult your own legal or tax professional regarding your specific situation.
