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PRECIOUS REALTY LINKS Does Your Loved One Need Live-In Help? Downsizing: Sell Your Home and Save Money How to Nativate Senior Care When Your Parents Have Different Needs The Home Buyer's Choice: Starter Home or Forever Home? How to Own Multiple Homes in Different States When you Have Pets A Homeowner's Guide to Managing a Home Renovation |
How to Navigate Senior Care When Your Parents Have Different Needs by June Duncan Whether you want to buy or sell your home, invest in a property, or rent some space, Precious Realty can help you and is ready to work with you. Reach out today for more info! 516-216-7462
Understandably, this can cause strain in all relationships involved–including the marriage itself, each spouse's relationship with their children, and other family relationships. If your parents are facing this predicament, it's critical to take any steps you can to make it a smooth transition. Legal documentation will need to be drawn up for the independent parent to be able to make decisions for their spouse (i.e., power of attorney, living will, etc.), so it's a good idea to help guide them during this transitory period to avoid any bumps in the road. While there will be challenges and every day will not be perfect, you can prepare and help your parents make good decisions going forward. And Precious Realty has listed a few practical tips to help you get started: Look Into Nursing Homes Aging.com explains that the nursing home you choose for your parent will make a big difference in how well your family is able to adjust. Ideally, the facility will be relatively close to your family. Therefore, your search should begin with nearby facilities; there are 40 nursing homes in Brooklyn alone. Other factors to consider include quality of care, reputation in the community, and the staff. You probably won't have a firm grasp on the staff until you visit the nursing home yourself, but make sure the people to whom you entrust the care of your parent are adequately educated and trained, as well as able to communicate well with your parent. Moreover, as Aging In Place notes, make sure the nursing home will provide your parent with all the services they need. Evaluate the Financial Situation The emotional impact of putting one of your parents into a nursing home may be the hardest part of the whole process. But you also have to consider the financial implications; after all, if your family is put into a tough financial situation, it can exacerbate the emotional issues and dramatically increase stress and tension. One option to consider is helping your parents sell your home, which is where Precious Realty can come alongside and lend their unique expertise. This can free up cash for them to use on the costs of senior care. Of course, you will need to ensure their assets are calculated accurately to determine how much money they will be able to get from selling their home. Essentially, you'll need to subtract the amount your parents currently owe on their mortgage from the market value of their home. That way, you’ll get an idea of the equity they can use for nursing home expenses and other matters, including the move itself. Look into nearby furniture moving services and contact at least three companies for estimates to gauge what you'll need to budget for moving day. Try to work with pros that are trained to move seniors, as a bit more finesse and understanding is always a big plus. Explore downsizing options The parent who is not going into nursing home care will also need a solid plan for their future. The most practical solution is to downsize. We've already discussed the prospect of selling a home, but what will your parent do after the sale? Research housing options in your area, including condos, apartments, smaller houses, and retirement communities. Be sure to plan ahead as well as you can for this process because it will require a lot of work. For example, you may need to help your parents pack up their belongings, make repairs to their house, and take other steps to get their house ready to sell. You'll also need to help them find comfortable housing they can afford and arrange for a reputable moving company to help them transition to their new home. Take Care of Your Own Well-Being Finally, the process of moving one of your parents into a nursing facility can be overwhelming on a physical, mental, and emotional level. Make sure you're fostering your own health and well-being along the way. Try to eat a balanced diet, sleep for seven hours each night, and get plenty of exercise. When one of your parents needs nursing home care and the other doesn&aspo;t, it can present some serious challenges. But by finding the right nursing home, helping your parents establish financial stability, researching the best downsizing opportunities, and fostering your own health and well-being, you can help make the entire process go as smoothly as possible. And remember that, through it all, the most important thing is that you practice patience and grace for the whole family during this time.Contact us BUT FOR FASTER RESULTS CALL US AT 516-216-7462.CONTACT US AT:
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