For many families that are contemplating later-in-life options, care, and lifestyle for a loved one, decisions are often simply about finding a safe and affordable facility.
For other families, it’s a little more complicated than that.
Care Planning for Affluent Individuals
For some, it may be about preserving assets or a business interest. For others, it may be about keeping the generations engaged and secure. And for still others, it may be about maintaining a lifestyle, passing on a legacy, or simply doing everything possible to make the upcoming transitions and lifestyle as fulfilling and as enriching as possible, and to preserve or even enhance your loved one’s quality of life for as long as possible.
And that takes planning. That takes coordination. And it takes experts who understand the unique needs of these individuals and their families facing the later stages of life.
What’s Wrong with the Traditional Model?
Traditional approaches to senior care often over-simplify – and therefore often get wrong – the most critical decisions about later-in-life care, lifestyle, and support for affluent Individuals.
Even though you have access to the best lawyers, financial planners, and physicians, most traditional approaches for planning for life's later years assume that at some point you’ll need to move to an assisted living facility – either in response to a cognitive or physical decline or anticipating one. And they assume that that’s all you need to worry about.
But making decisions about where to live at some transitional or late stage in a fulfilling and complex life misses the point. And it often leads to unnecessary risks and limitations.
For example, the traditional approach assumes that activities and interests with which you’re engaged before a transition can’t be available after. And they limit the choices going forward. We think that’s wrong.
The traditional approach concerns itself with only one – or, at most – two moves that might be needed to accommodate physical or cognitive needs. We think what happens before and after the moves is just as important.
The traditional model is typically constrained by limited assets and often ends up draining them. We think that’s wrong.
And the traditional approach assumes that Care Management starts with the first – or worse – late signs of decline. Again, we think that leads to disaster.
At Caresultants, we believe the decisions should be about how to live: How to accommodate your interests and needs, how to preserve (or optimize the utilization of) your assets, and how to maximize your personal fulfillment and quality of life as your physical and cognitive capabilities evolve.
Planning for Success with Caresultants
That’s why we designed the Caresultants solution the way we did: to engage early – because planning for success in the later years of life should start long before any decline – and to maintain a continuity of oversight, coordination, and accountability over time.
At Caresultants, we believe:
Planning for success later in life should be integrated early into your estate plan, retirement plan, and financial plan, and it should be updated whenever they’re updated.
Planning for success later in life should be part of medical strategy, and your healthcare providers should participate.
Planning for success later in life should be coordinated with family members who will be responsible when the time comes to implement the plan.