Where should the senior move too?

Seniors face a number of important legal and financial decisions regarding their remaining years.  Decisions on whether they should move closer to be near their adult children; move into retirement or assisted living community.   Also, a growing percentage of older adults are choosing to sell their dwellings, and reside with their adult children   Obviously, with the challenges of today’s economy, this can make economical sense.  The older adult often provides financial assistance by making the selling their home, and in return a home care setting, companionship, and security. 

However, this arrangement can lead to major issues. If a senior cannot look after them self, do the adult children stay at home to provide care? What is the financial relationship? Family dynamics? Sibling rivalry, when the parent is gone, who receives the inheritance, caregiver versus remainder of family? Who will pay for a caregiver, if the parent’s money has been used to build an addition? And many more challenges.

I’m not saying that this should not be performed, however, think, review, and consider the potential issues before you act.

At Senior Life Care Planning we encounter these issues. With our professional and independent advice we resolve these problems, to promote quality of life for the parents as well as their family.

To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to info@seniorlcp.com or if you require additional information about VA Benefits, visit our Senior LCP's Website.

We also have a Blog on Elder Issues and Veteran's Benefits.

If you are not receiving our Newsletter, go ahead and subscribe to our free NEWSLETTER to stay on top of senior issues.

Tags: , , , , , , , , , , ,
Posted on: No Comments

Leave a Reply

Close
loading...