Planning for future care.
Depending on your parents’ needs, proper planning may enable them to continue living independently longer. Is aging in place an option? If so, what kinds of age-proofing adjustments will need to be made to their home and what are the costs? Even if aging in place is the plan, your parents' current home may prove too costly to maintain or impractical to modify as their needs change. What types of living arrangements are available that suit their financial constraints? Do they have long-term care insurance? With so many possibilities and so much as stake, it’s smart to think ahead.
FAI can help you navigate the many transitions that come with caring for your aging loved ones. Our seasoned professionals have decades of experience addressing the senior care and financial issues that may affect you or your parents. Rely on us to provide sound, proactive financial guidance and estate planning, as well as assistance in locating reputable in-home care solutions, retirement communities, assisted living facilities, or skilled nursing care as needed
What to Do With Your Aging Parents' Stuff
According to the 2014 United States census report, more than 20 percent of America’s population will be age 65 or older by 2030. As these older adults start downsizing or moving to retirement communities and assisted living facilities, the question of what to do with household possessions and cherished keepsakes looms large in many families.
Often, the adult children don’t want these items, while their aging parents dread parting with them. So, in a quandary familiar to many of us, delicate conversations ensue about how to dispose of their parents’ beloved “junk”.