Overview
As we age physically and mentally, our ability to care for ourselves and capacity to manage family affairs often diminishes--sometimes unexpectedly and rapidly. This presents significant problems that next generation family members and family office executives must manage under very stressful circumstances that can change day-to-day. In addition to the types of care one requires, there are myriad of legal, financial, and personal matters that must be delicately addressed and thoroughly planned for.
In this session, we explored the many issues surrounding aging, elder care, and incapacity and answered the following questions and more:
- What types of elder care options are available?
- What factors should be considered?
- What are the legal issues and pitfalls to be aware of?
- How do we prepare/train family office employees to prepare for incapacity?
- How does one manage an elder that is unwilling or unable to surrender control of their affairs?
- What resources are available to help assess mental capacity?
Date Published: Wednesday, October 11, 2017