As a caregiver, it's important to be organized and keep track of important documents related to your role. These documents can help you provide better care for your loved one, ensure that their wishes are followed, and provide peace of mind for both you and your aging parent. Here are some important documents that caregivers should have:

1. Medical records: Medical records provide essential information about an aging parent's health history, current conditions, medications, and allergies. It's important to keep these records up-to-date and easily accessible in case of an emergency or a visit to the doctor.
   
2. Legal documents: Legal documents such as a power of attorney, living will, or healthcare proxy can help ensure that your loved one's wishes are followed in case they become unable to make decisions for themselves. These documents can also provide guidance for caregivers regarding decisions related to medical care and end-of-life issues.
   
3. Financial documents: Financial documents such as bank statements, bills, and insurance policies can help a caregiver manage their loved one's finances and ensure bills are paid on time. It's important to have a clear understanding of your loved one's financial situation to avoid any surprises and plan accordingly.
   
4. Caregiver agreements: A caregiver agreement is a written contract between the caregiver and the person receiving care. This agreement can outline the scope of services to be provided, the payment terms, and any other expectations or responsibilities.
   

Having these documents organized and easily accessible can help caregivers provide better care for their aging parent, ensure that their wishes are followed, and prevent any surprises. It's important to make sure these documents are regularly reviewed and updated as needed.

Now, check out these additional resources.

It’s not easy being a caregiver for a sick or elderly parent or relative. Nor is it cheap.
Family caregivers provide an estimated $470 billion worth of free care to loved ones, according to the Wall Street Journal, and spend an average 26% of their personal income on caregiving expenses.
A third of caregivers use their own personal savings to pay the bills. Twelve percent take out loans or borrow from others.
It’s such a financially perilous situation that AARP’s own caregiving expert, Amy Goyer, filed for bankruptcy protection in 2019 as a result of attending to the needs of her ailing parents.
She simply ran out of cash after more than a decade looking after her mother, who had a stroke, and her father, who had Alzheimer’s.

Family caregivers, long the backbone of the country’s long-term care system, are increasingly tapping public and private resources to get paid for caring for loved ones.
 
During the pandemic, Sheila D. Johnson, 55 years old, of Richmond, Va., couldn’t get skilled nurses to help with her brother, Kevin McCain, who is paralyzed and lives with her. She had to quit her job to take care of him.
 
“I still needed to work and have income so I decided I might as well try to get paid,” says Ms. Johnson, who began researching and found a Medicaid program that would allow her to earn income for providing care.

The guide walks through four steps to fighting elder financial abuse: prevent, recognize, record, and report. It lists red flags to watch for, shares some common scenarios, and includes resources you can use to help your loved one.
Click below to download the new Spanish version or the English version of the guide for free.

Consumer Financial Protection Bureau 

Rachel Nagler, 39, has worked part time since she was 22, but she will never be financially independent, according to her father. She is legally blind with a seizure disorder and mild cognitive impairment, the result of birth trauma.
For her parents, Sam and Debra Nagler of Concord, Mass., planning for retirement required them to focus on Rachel's future as well as their own.