Services
Elder Planning
Planning for the future is an essential aspect of ensuring peace of mind, particularly as we age. Parr& Ibarra’s elder planning services are designed to help individuals and families navigate the complex financial and healthcare decisions associated with aging. Our team provides guidance on managing retirement income, structuring long-term care plans, maximizing social security benefits, and protecting assets. We also assist with estate planning, helping you organize your affairs to provide for your loved ones and ensure your wishes are honored. With a compassionate and thorough approach, we help you create a secure and organized plan that supports both your financial and healthcare needs as you age.
Elder planning is a critical service for individuals and families who want to ensure their loved ones are cared for in the later stages of life while preserving wealth and planning for long-term healthcare needs. Beck & Ibarra offers personalized elder planning services that take a holistic approach to managing the complexities of aging, from healthcare planning to financial stability.
Our elder planning services include:
- Retirement Planning: Helping you plan for a comfortable retirement by structuring your income and assets to meet both immediate and future needs.
- Long-Term Care Planning: We assist in identifying and structuring long-term care options, including nursing homes, in-home care, and other healthcare solutions, while ensuring the protection of assets from potential medical expenses.
- Asset Protection: Structuring financial accounts and investments to minimize risks associated with medical costs, ensuring that your wealth is preserved for future generations.
- Estate Planning: Developing an estate plan that reflects your wishes, optimizes tax strategies, and facilitates the smooth transfer of assets to your heirs.
- Social Security & Medicare Optimization: We guide clients through Social Security and Medicare enrollment, maximizing benefits and ensuring that you’re taking full advantage of available resources.
With Parr & Ibarra’s elder planning services, you can create a secure, organized plan that provides financial peace of mind and ensures that both your healthcare and estate planning needs are well-managed.
Frequently Asked Questions
What is elder planning?
Elder planning helps older adults and their families prepare for aging-related needs, including healthcare, legal, and financial decisions.
Do I need elder planning if I already have a will?
Yes, a will is just one part—elder planning also includes power of attorney, healthcare directives, long-term care options, and more.
Is elder planning only for seniors?
No, it’s beneficial to start planning in your 50s or 60s—or even earlier—to ensure everything is in place well before it’s needed.
I'm no millionaire—do I still need elder planning?
Yes. Whether or not you have a large estate, elder planning ensures your finances are in order if you’re incapacitated or need care—and protects against fraud or missed bills . It prevents your family from facing confusion and unnecessary legal costs.
What happens if I become incapacitated without proper planning?
Without legal and financial documents in place, your loved ones may need to go through court just to make basic decisions on your behalf—creating stress, delays, and even family conflict. A proactive elder care plan ensures your wishes are honored, and trusted individuals are legally empowered to act.
What essential documents should be in place for elder care?
A strong elder care plan typically includes:
Durable financial power of attorney
Medical power of attorney (healthcare proxy)
Living will/advance directive
HIPAA authorization
Updated will or trust
Long-term care insurance or Medicaid strategy (if needed)
Why should I choose a CPA firm for elder planning instead of just a lawyer?
Lawyers handle legal documents—but a CPA brings the financial strategy to the table. We help manage cash flow, taxes, benefits planning, and long-term asset protection. When we collaborate with your attorney, the result is a more complete, more coordinated plan.
How do I get started?
Just contact us for a consultation. We’ll review your situation and help create a customized plan that fits your needs and goals.
More FAQs here.
