Your Parent's are Now Seniors! - Episode 10

Whether your search for senior housing is prompted by a family member’s serious medical condition or the desire for a lifestyle change, finding the right place to live can be challenging and stressful for both you and your family. However, the earlier you assess your current needs and how those needs may evolve over time, the more choices and control you’ll have. Today we discuss briefly the different types of senior housing available, you can make the choice that’s right for you and ensure you enjoy a happy, healthy, and fulfilling home environment as you age. This is always a sensitive subject and for many families a taboo. It doesn’t have to be and they will be thankful if you sit down and talk about their plans early. As a SRES many of my calls are about counselling and very few lead to listings or contracts. Making the decision to age in place or move. How many family members are there? Who is the decision maker? Transition can be up to three times once one can become a Senior. Items to consider when aging in place. Stairs Accessibility Current condition of the home Modifications planned. Hardest thing is Change – Losing your Independence Discussing with a Elder Law Attorney and setting up Trusts vs just a Will Medicaid’s Asset Transfer Rules – Look into it early as it will cost you down the road. Types of Housing Aging in place The Village Concept Assisted Living Nursing Homes Comparison of Senior Housing Options in the U.S. Feature or Service Independent Living Assisted Living Nursing Home Approx. Cost per Month $1,500 – 3,500 $2,500 – 4,000 $4,000 – 8,000 Meals per Day Meal Plan Options 3+ 3+ Medication Management No Yes Yes Personal Care No Yes Yes Mobility Assistance No Yes Yes Accepts Wheelchairs Yes Varies Yes Alzheimer's/Dementia Care No Varies Varies On-Site Nurses No Varies Yes Transportation Most Yes Most Yes Yes Incontinence Care No Yes Yes Housekeeping Varies Yes Yes

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Your Parent's are Now Seniors! - Episode 10 is an episode from Real Estate Resource Podcast by Jim Sipprell.

This episode is 19:58 long.

This episode was published on Apr 24, 2016.

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