End of Life Planning for Aging Parents

An issue that many people in their 50s or 60s are facing surrounds the aging process of their parents. The main matter at hand is their parents are going from independent to a place of dependency. As our parents continue to age and eventually pass away, there are many stressful matters that need to be managed, many of which are related to their assets and estate. That is why it is so critical that End of Life Planning is treated with absolute importance and urgency.

As a Certified Financial Planner who has many seniors as part of his client base, Lou Scatigna, CFP® finds himself involved heavily with End of Life Planning, both in the clients themselves and also with their children. When it comes to End of Life Planning, people tend to make a lot of mistakes. Watch this segment from The Financial Physician to find out how you can avoid potential mishaps throughout this arduous process.

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