Caring for aging parents can be tough, especially when it comes to handling their money and medical needs. Many families wait too long to have these important talks. Then, when something happens, loved ones are left guessing—and that can cause stress, mistakes, or even money problems.
To make things easier, it’s a smart idea to get organized now. Here’s a simple checklist of what you should talk about and gather with your parents. Keep all the information in a safe place where you can reach it when needed.
✅ Important Information to Know or Collect:
Usernames and Passwords
You need access to online accounts, like:
o Mortgage
o Homeowners, auto, and life insurance
o Utilities (gas, water, electric)
o House phone, cell phone, cable, internet
o Auto loans
o Credit cards
o Bank accounts
o Health insurance
o Brokerage accounts (where investments are held)
Authorized Access
Ask your parent to call these companies and add you as an authorized user on their accounts. That way, you can call and ask questions if something goes wrong.
Health Insurance Cards
Make a copy of the front and back of each health insurance card. You’ll need this for doctor visits or emergencies.
Doctor Contact Info
Make a list of doctors your parent sees. Ask if you can have online access to their health records or appointment system.
House Key & Safe Deposit Box Key
You’ll need access to the house and any safety deposit box they use. Make sure you know where the keys are.
Copy of the Will
Know where the will is kept. Ask for a copy if possible.
Healthcare Power of Attorney, Financial Power of Attorney, Living Will, Organ Donor Status (www.organdonor.gov/sign-up/how)
Document your parent’s wishes while they are of sound mind and body
Banking Accounts
See if your parent will add you as a joint signer or set up the account as payable on death (POD). This helps avoid legal issues later and gives you quicker access if needed.
Update Beneficiaries
Ask your parent to double-check who is listed as a beneficiary on life insurance, bank accounts, and retirement accounts. Don’t just assume it’s you—ask to see the paperwork.
Funeral and Obituary Plans
This may feel uncomfortable, but ask if your parent has a plan or preferences for their funeral. Do they have a program already made? Would they like help writing their obituary? Talking now can prevent stress later.
Final Tip:
You don’t have to get all of this done in one day. Pick one topic at a time and talk it through. Let your parent know you’re doing this out of love—and that it’s better to be prepared than panicked.
Being organized today can bring peace tomorrow.
