Download: Caregiver’s Financial Checklist

Written by Emily Boothroyd, JD, CFP®, CPWA®, Wealth Manager, Partner

If you find yourself in the role of caregiver for a loved one, you are not alone.  Since 2015, there has been a 21% increase in caregivers in the United States[i], and will likely continue to rise.  Unsurprisingly, more caregivers are reporting their own health as fair or poor.[ii]  More than half of caregivers are also working in a full time job, and spending a significant amount of family resources to provide care.[iii]

Taking on the role of a family caregiver can sometimes be the result of a sudden turn of events, or a longer period of increasing care.  Regardless of how you find yourself in the role of caregiver, it is an emotional and intense process full of love, heartache, and hard work.  At Merit, we are focused on supporting caregivers by providing tools and infrastructure for the financial side of the caregiving process.  When you have a solid structure and a working knowledge of the financials and logistics, there is more space to provide the compassionate care your loved ones (and you) need.

Our caregiver’s checklist provides a comprehensive overview of things to know as you care for a loved one, ranging from understanding the existing household expenses to tidying up estate planning for the future.  Our aim is to provide caregivers with financial knowledge and peace of mind.