Financial and legal planning

The financial and legal decisions that surround eldercare are among the most consequential a family will make. Most families make them in crisis, without a plan, without aligned expectations, and without an advisor who saw it coming.

The cost of that is not just emotional. Long-term care in Ontario runs over $68 per day for basic accommodation, and that number rises every year. A parent who needs full-time care for three to five years can draw down $100,000 to $200,000 in assets that were part of an estate plan. Most advisors have not had that conversation with their clients. Most clients have not had it with their families.

These articles are written for advisors who want to model eldercare costs accurately, understand the legal documents that govern care decisions, and have the financial planning conversation before a crisis forces it. They are also written for adult children who are beginning to realize that their parent's financial situation and care future are more intertwined than they thought.

Power of attorney, RRSP and RRIF drawdown in care contexts, Ontario LTC cost structures, and estate sequencing: written clearly, without jargon, for the people who need to act on them.