The SFO Circle - The Care Economy: What Every Family Office Needs to Know
The episode frames care planning as an often-overlooked family office responsibility and describes how the executives at the June clinic shifted their thinking on it. It gives advisors and family office staff a case-based view of where care transitions go wrong and what distinguishes families who handle them well.
Summary
By the family offices deskTeresa Leigh, founder of Teresa Leigh Home + Family Office, returns to the podcast to expand on a private SFO Circle Clinic she led on eldercare and what she calls "the care economy." The episode covers how care needs extend beyond ageing parents to special needs, chronic illness and neurodegenerative disease, what care costs today and why families underestimate it, and a case study of a family that waited too long to plan. It also discusses when eldercare becomes a family office responsibility, the emotional side of care, and one practical action executives can take in the next 90 days.
- The care economy is described as reaching beyond ageing parents to special needs, chronic illness, neurodegenerative disease and wider family support.
- Families frequently underestimate both the complexity and the expense of care, according to the discussion.
- A case study illustrates what happens when a family waits too long to plan for care.
- The episode covers the point at which eldercare moves from a private family matter to a family office responsibility, and the gaps family offices still need to close.
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