Senior Living Facilities: Will Supply Meet Demand?

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It seems like more and more senior living facilities and 55+ communities are being built and filling up as quickly as the owners announce availability.  Not too long ago senior living facilities along with skilled nursing and assisted living centers focused solely on providing health services for those at an advanced age.  However, it’s become so much more than that over the years and senior living facilities are becoming the new norm. The Baby Boomers are exiting the workforce, selling their homes, and heading into their Golden Years.  They, and their children, are looking for simple and safe community of their peers. The type of facility they choose is usually based on quality of their health, proximity to family, and their budget.

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Estate Planning, Part 3 – Finding a Caring Environment for Elderly Parents

For families who are approaching that point in life when elderly parents are less and less able to care for themselves and increasingly in need of help, the task of deciding what to do and when to do it can produce wildly conflicted emotions—if not outright conflict—on all sides. But it need not. Confronting the need for new living arrangements forthrightly with all parties involved and at an early point in the aging process can help alleviate many of these issues, but the decisions can still be difficult, for the parents and for their adult children. To ease the potential for trauma—and drama—there are some things you can do. Continue reading “Estate Planning, Part 3 – Finding a Caring Environment for Elderly Parents”

Estate Planning Part 2 – Helping Your Parents Get Their Affairs in Order

One of the hardest tasks the adult children of elderly parents may have to do is to involve themselves in the legal and financial affairs of the parents. Issues of privacy, independence and judgment can quickly bubble to the surface and make a difficult situation worse. But it is important for everyone involved that these issues be clarified, especially if a parents’ memory and/or physical capacity are in decline. The financial and emotional well-being of the parents, the children, and the grand-children are often at stake. Continue reading “Estate Planning Part 2 – Helping Your Parents Get Their Affairs in Order”