Tip of the Week

Family Caregiving

Many of our financial services clients are taking care of an aging parent, juggling their own work and family life with the demands that caregiving places on them. And it’s not just an emotional and physical journey—there is a very real financial component to providing care.

Financial service professionals are in a position to talk to their clients about caregiving from a financial perspective. Armed with the awareness that caregivers are often managing someone else’s finances, paying for expenses from their own pocket, and possibly even facing paying for their parents’ or other loved one’s long-term care, they can provide a real service by raising the issue and coming up with solutions.

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