When clients face tough decisions
Date: 2010-05-25
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Earlier in May, I talked about how advisors can be a resource to clients on some of their difficult personal decisions, not just those related to finances.
As a case in point, I received a terrific response to a series of interviews on strategies for wealthy families to raise happy and successful children, featuring a psychologist who worked for many years for the Beverley Hills School District.
Of course, it's not just kids that cause clients stress - few things are more difficult than tough conversations with parents about moving into a nursing home or having to deal with a disease such as Alzheimer's.
Today I feature two resources that advisors can share with clients facing those conversations.
The first is an excellent article from the New York Times on things to look for in a nursing home, including a detailed four page checklist.
New York Times - Picking a nursing home http://www.nytimes.com/2010/03/20/health/20patient.html?src=me&ref=homepage
Nursing home checklist: http://www.medicare.gov/nursing/checklist.pdf
And here's a link to a special report on Alzheimer's that appeared in Wall Street Journal Smart Money : http://www.smartmoney.com/personal-finance/elder-care/
Finally, today's email features a series of short interviews with an eldercare expert on talking to parents about their housing, financial and health situations.
To view those interviews, go to www.clientinsights.ca.

