TECH & INNOVATION– Platform to assist ageing parents with their estate and end-of-life plans

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GUEST – Rachelle Best, founder and CEO of Heritage Vault

Millennials are the latest generation to reach that life stage when you realise that your ageing parents may now well need ‘roll-up your sleeves’ support from you. It’s a disconcerting turning of the tables, and it comes along with a mix of emotions and stresses. The fact that our parents are elderly and more vulnerable can worry us, frustrate us, and make us feel deeply sad. We may feel helplessness and guilt if we’re not able to do more for them because of our already demanding lives. This is not an easy part of ‘adulting’.

There are two things that help adult children support their ageing parents effectively. The first, is to educate yourself about the unique landscape of your ageing parents. This takes into account a full understanding of the impact of their age on their physical health and emotional well-being as well as their financial capabilities, level of home security and transportation needs. You want to have an objective, clear view of their situation so that you don’t act off your assumptions. The second, is to access tools, services, and solutions that you can deploy to help you to support them as best you can while preventing the responsibilities of parental care from overwhelming you and derailing your life. An example of a latest tech tool is Heritage Vault, a first-in-South Africa solution for organising and securing all important estate information, there’s no easier way to help collate all your parents’ important information.
4 Apr 2023 4PM English South Africa Business News · Investing

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