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Education Archives - Greenwald and Gerke Real Estate

10

Mar
2016

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In Education

By Ron Greenwald

Rethink Home… Home Safety Checkup for Your Love One

On 10, Mar 2016 | No Comments | In Education | By Ron Greenwald

Are you connected with people, either through work or community groups, who are in the later stages of their lives? If you are looking for ways to support the older adults that you know, then a home safety checkup might be a good option to consider. Even if the individual appears to be self-sufficient, it is likely that they could use support in certain areas of their life.

Safety in the Home: Protecting the Health of Seniors

As a person ages, there are potential hazards in their home that could cause injury. A home safety checkup can be beneficial to assess the condition of the property and determine whether it is safe for a person with declining strength and mobility to move around.

During the checkup, there are two goals. First, the focus is to remove elements that could lead to injury. Certain pieces of furniture or accessories might cause a person to trip and fall, so those items should be repositioned to prevent the dangerous situations that might occur. For example, rugs can cause a person to catch their toe on the edge of the rug, which can lead to injury if the person falls.

Another consideration is the support and accessories that can be used to improve safety in the home. Items such as support bars to hold onto in the shower and wheelchair accessibility in doorways and bedrooms need to be considered.  Small changes in hardware, from knobs to pulls and levers, may make a significant improvement.

Finding the Right Home for Retirement

If a home safety checkup is done and it is determined that the property isn’t offering the safety features needed by the individual, then the person might consider selling their home to move into a home that is designed to help with accessibility. Some aging adults find it beneficial to make changes, such as moving into a home without stairs.

If you need assistance, we are here to help! At Greenwald & Gerke Realtors, we offer real estate services for aging adults. We are available to help with the needs of seniors and their families. Contact us to learn about how we can work together: (844) 782-9674.

06

May
2015

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In Blog
Education

By Ron Greenwald

A Senior’s Home

On 06, May 2015 | No Comments | In Blog, Education | By Ron Greenwald

By Ronald L. Greenwald, MBA, Senior Real Estate Specialist

www.seniorstayorgo.com

As professional fiduciaries know, planning ahead is an important tool to protecting our elders and their quality of life. The following article is for both licensees and consumers to take a closer look at what might be the most valuable asset any of us will own in our lifetime.

What is or should be the goal of your estate plan? What should be the goal of our work and efforts when dealing with a family?

My answer is, “working to ensure the highest quality of life for our elder – A life free of fear and intimidation – A life at peace filled with joyful memories of one’s past, filled with hope for the family’s future.”

A Realtor’s advice…. what do I see over and over again that is a detriment to the goals I noted above?

1. The home of deferred maintenance.    I can walk into a senior’s home and tell you immediately: What is the state of our senior’s mental and physical capacity.

It is no mystery that as our loved one (or your client) ages, their capacity to cope with both the bones of an aging home, and the upkeep that is required, diminishes significantly over time. Whether you are the fiduciary and/or the daughter or son of our beloved senior, it is imperative that periodic checks are made on the home’s condition. The family should make it a point to have a professional home inspector come to the home, perhaps on an annual basis. The preventative medicine of a thorough inspection (including the detection of moisture in the walls) may cost around $500.

Like any situation, by catching issues early on, you will save 1000’s of dollars in home repair and fixes. More importantly, you keep your loved one living in a safe, and sane, environment. For sure, an annual termite inspection must be part of the care package for the home. We continually shock family members when we tell them the home is termite infested and that the cost to the estate to fix the issue is going to run into $10,000 to $30,000, or more. Is the homeowner a collector of treasures or a hoarder? Sons and daughters are surprised to hear that their beloved Mom or Dad is living in what, at best, can be said a “state of squalor”. Using the services of a qualified home inspector may make it easier to talk with the elder about his/her living environment.

2. The Adult Child living with his/her parent.    A sibling has been living with Mom/Dad, and now the parent needs to move into a senior living community and/or has passed away. When there are multiple heirs/siblings set to inherit the proceeds from the sale of real estate, and one of the heirs has lived in the property for any period of time, the scenario can easily deteriorate, and may destroy any hope of favorable future family gatherings. Do it right – if a son or daughter is going to live with his/her parent(s), set up a rental agreement at the very beginning of the process. Set up the “what if” scenarios through the estate plan. If the son/daughter is truly acting in the capacity of a caregiver, set up a compensation plan. Make it a business transaction, which includes good documentation (a great topic to discuss with your estate planning attorney). This will facilitate clarity when it comes time to sell the real estate. Hopefully, the result will be family harmony and respect for each siblings role in the care and love for a parent.

3.  Using the home as a source of cash.    As it is no surprise that the home is usually the senior’s largest source of capital, and the homeowner, too often, views the home as an unending source of cash without proper consultation with the “right” professionals to design the appropriate financial strategy.  The homeowner is bombarded with reverse mortgage info commercials, bank ads and other marketing techniques such as home equity loans.  Certainly, these financial instruments have a place and time, but are often purchased in isolation by an elder, without appropriate professional advice.  I suggest that anyone considering a reverse mortgage get help determining their budget and cash needs first, in detail, with their CPA, Financial Advisor, or attorney. This way, you will have all the facts, and you can consider a charitable gift annuity, or other financial remedies, and thoroughly compare all the possibilities to learn what is best for you, in the long run.

Bottom line….We must all work together to circle our loved ones with the best and brightest team of legal, financial, and care professionals.

Ron Greenwald was a CPA, then mortgage lender, and now a Senior Real Estate Specialist who is deeply involved in the prevention of elder abuse in San Diego County.

-As published in The Guardian

30

Mar
2015

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In Blog
Education

By Ron Greenwald

Letter to You

On 30, Mar 2015 | No Comments | In Blog, Education | By Ron Greenwald

Are you a senior thinking about your housing options? You may have lived in your home for 30 to 50+ years and now it is time to consider options…Stay or Go? You and your family will be making a very stressful and emotional decision about selling real estate and relocating to a “rightsize” home, a senior living community, or other options such as co-habitation. What is best for your quality of life? What will allow this transition to take place that as stress free as possible? How do we turn the trepidation of moving and removing “stuff” from the home into a life enhancing event?

Ronald Greenwald and Patti Gerke are Realtors® working under the brokerage of Pacific Sotheby’s International Realty. Ronald and Patti are Senior Real Estate Specialist (SRES®). We both specialize in working with seniors, their families, and the senior’s team of professional advisors.

We listen, learn, and educate. Our time with you is to 1. educate you on your housing options; 2. thoroughly discuss with you the process and paperwork of selling a home; 3. quarterback all that will be required to sell real estate at top dollar; 4: work closely with you, your family members, and trusted members of your advisory team; 5. assist in the coordination of where you are moving too; 6: professionally sell, market, and negotiate on your behalf to maximize your sales price.

You may be forward thinking and “what if” you want to move in 4 to 5 years from now. Ron and Patti will freely consult with you as to how to evaluate the home, its structure, and its content so that when the time comes, you are ready to make that transition.

We are Realtors® that have the concierge service of Senior Stay or Go™. Both Ron and Patti have Masters in Business Administration and have completed 100’s of real estate transactions.

Ron & Patti Edited

Ronald L. Greenwald, MBA
SRES® Senior Real Estate Specialist
3702 Via de la Valle
Suite 202C
844-STAYORGO (782.9674)
ronald@seniorstayorgo.com
www.seniorstayorgo.com

 

 

Ron & Patti Edited-3

Patti Gerke
MBA, CRS®, SRES®, REALTOR®
3702 Via de la Valle
Suite 202C
844-STAYORGO (782.9674)
patti@seniorstayorgo.com
www.seniorstayorgo.com

 

 

 

 

 

logoFree 2 Hours of Consultation Time either by phone or in person at our office or at your home. We can walk your home with you to make a general assessment as to the home’s safety and establish a current market selling analysis. (We are not attorneys, accountants, financial advisors, or general contractors.)

11

Feb
2015

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In Blog
Education

By Ron Greenwald

March Newsletter

On 11, Feb 2015 | No Comments | In Blog, Education | By Ron Greenwald

What does it mean to say “Senior Stay or Go”™?

KNOWLEDGE IS POWER TO CONTROL YOUR DESTINY!

POWER TRANSLATES TO CONFIDENCE TO ASK GREAT QUESTIONS!

When you consider the highest and best quality of life choices for your housing needs and wants, are you ready to make that decision with a full understanding of all your options?

It’s easier to make a decision when you have all the facts.

Attend the workshop and get a full and complete assessment of one’s options.  Learn about your choices…from ageing-in-place to all the various styles and cost of senior communities…independent living, assisted living, dementia care, monthly rent, the extra fees, activities, so much to consider and comprehend.

Is my home safe to prevent falls and provide secure surroundings?

Living alone and seeking socialization on a daily basis?

Living in a home where the upkeep may be overwhelming you?

You have lived in your home for over 30, 40, 50+ years and you are stifled as to how and where to begin to make that housing change?

What do I do with all this stuff?

Would moving closer to your child/grandchildren be an energy boost to your quality of life?

Ron Greenwald, MBA, SRES and Patti Gerke, MBA, SRES, CRS will be talking with you on Friday, March 27th from 2-3:30PM to discuss all of the above and so much more.  Ron and Patti bring their own personal experiences with their parents, along with years of hands-on work with seniors and their families.   They will share with you how to achieve your highest and best quality of life when it comes to your housing needs and wants.  Ron and Patti collaborate with leading professionals in San Diego County that provide key services and products to our seniors.  Come and learn their insight and knowledge.  Tap into their network of experts.  Ron and Patti’s goal and ambition is to arm each attendee with the insight to know where to turn, who to turn too, and be able to ask insightful questions to make the best decision for your quality of life.

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11

Feb
2015

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In Blog
Education

By Ron Greenwald

The Best of Life is Yet to Come: 6 Part Series

On 11, Feb 2015 | No Comments | In Blog, Education | By Ron Greenwald

All about YOU!

All about Your Quality of Life.  

All about Your Lifestyle as you age.  

All about the Family Legacy & Harmony you wish to create.

 

What is the goal of the 6 part series?

The  speakers dedicate their time to provide attendees with the knowledge and the arsenal of great questions to ask of their advisors and professional team.

KNOWLEDGE IS POWER TO CONTROL YOUR DESTINY!

POWER TRANSLATES TO CONFIDENCE TO ASK GREAT QUESTIONS!

When you see your physician(s) are you armed with questions that will force the doctor(s) to evaluate you as an individual, your life choices, your quality of life wishes?

When you see your estate attorney is your homework ready to ask how your wishes, dreams,  aspirations, legacy, and family harmony will be achieved?

When you consider the highest and best quality of life choices for your housing are you ready to make that decision with a full understanding of all your options?

When you are deciding who to succeed you… health and financial directives… are you fully aware of the responsibilities you are placing on others to make those decisions?

When you choose a financial advisor or wealth manager what are the questions to ask as to their method of compensation and where is their allegiance?

In addition, we provide in depth discussion of the epidemic of scams that are being perpetrated on our aging population…. i.e.  The IRS does not call you at your home…  There is no lottery that ask for money to win your prize…It is unlikely that your grandson will call you from jail to have you wire money….Did you know many charities are fraudulent?

The Monthly Series….

  1. The Best of Life is Yet to Come Preview the balance of the workshops…
  2. What does “Quality of Life” mean to you… Managing Your Care
  3. Senior Stay or Go™
  4. The Job of Looking After You, Your Health, Your Finances, Your Family
  5. To Live Long and Prosper Financially
  6. Is your Living Estate Document really working for YOU?

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19

Jun
2014

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In Blog
Education
Video

By Ron Greenwald

Ron Greenwald featured in Mr. Credit’s Radio Show!

On 19, Jun 2014 | No Comments | In Blog, Education, Video | By Ron Greenwald

Ron Greenwald was featured on Mr Credit’s Financial Education Radio Programming to speak about senior living options, and the costs and concerns of seniors and their caretakers associated with these decisions.

Mr. Credit: I just went back home last weekend..

Ron: Was it over 30 degrees?..

Mr. Credit: yes.. I went back because grandma has cancer. She is in the hospital and had to have something things removed. She still has cancer in her body.. She is 85. Grandpa is 87. He is okay. He’s had heart surgery before. He’s alright. She just came back home and they live in a split foyer house. So you know how a split foyer house works? That are built under the ground? The bottom floor is below ground and then it goes up. So, you actually are walking up stairs to get to the foyer. than you have to go down steps to get down stairs. Than more steps to go up stairs. they lived in this house a very long time. I don’t know exactly how long but 40 plus years. Its been paid off forever. They are kinda in the situation where they have to figure it out, alright. At this point when a 85 and 87 year-old falls down these stairs, it’s gonna be bad.. broken hip for sure. broken bones, head trauma..even death. The are basically trying to figure out what to do. They come to the conclusion that they would rather spend money to modify the home and put safety measures in place, than to use my suggestion to sell the house. Sell the house and buy a one story home that you can walk right in, there is not a step in the whole place, and we could eliminate the possibility of a fall.

Ron: Mr. credit you’re talking rational thought. Your 87 years and 85 year-old grandparents love this home. This is why they do not wanna leave this home. Only in a pine box… thats how they wanna leave this home. This is their treasure. You’re becoming the parent and you’re parents are becoming and looking at themselves as the child. That family dynamic is not impossible, but a very difficult situation. So I actually posting on Twitter and Facebook using the hashtag #seniorstayorgo – on all posts where I give tips how to handle these types of issues.

Your grandparents may not be on Twitter, but your parents on Twitter an Facebook. So I reach out and help advise on how to handle these situations, because it’s a very difficult time. You may either have to coax them by taking them out in the car and showing them these communities and seeing how much fun they may be able to have in a senior community. Maybe it’s the right thing or you do the rehab of the house so they have the lift, the bar, no loose rugs.. but that doesn’t eliminate the possibility.

Mr. Credit: Then they’re gonna want to bring in care givers. It gets very expensive. I like your idea of taking them around and showing them. Showing them the houses that are single story, some nice options that might start a conversation if the see something they like. Then now, instead of being only emotionally tied to their current home, they start to get emotionally happy about a new home that has no stairs..

Ron: you are 100%.. It may take a year or two before they’re comfortable with it. My dad has been on this show. talking politics.. he’s 89 and here I am senior advocate preaching all of that stuff; and mentally he’s a sharp as a tack. Physically he not so…good. Here I am saying he has a two story home in the San Fernando Valley. Dad, how about putting a lift on those stairs. I am very careful, Ron.

He is a guy who wakes up and has to use a cane, walker and who has vertigo. Dad I love ya, but you can see the role reversal situation. It’s a very tough thing to overcome. A lot of times, I, as a real estate person, come in and talk to your grandparents. Just as.. who are you Ron? I just can talk to them. I am NOT a physiologist, I am not an attorney, I am just a guy talking to you about options. It’s all about options. than take what you want it from there.

Mr. Credit: Thats a great thing what Ron does in the community.

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21

Mar
2014

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In Blog
Education
Estate Planning

By Ron Greenwald

The Gift of Real Estate; Q&A

On 21, Mar 2014 | No Comments | In Blog, Education, Estate Planning | By Ron Greenwald

 

During a recent conversation with Caroline Hornblower, a Ticor Title representative, we learned some valuable information about gifting Real Estate and how the transfer should take place.

If I wish to deed my home to my children, what are the proper steps I should take prior to the transfer to make sure there are no title issues after the transfer is recorded?

  1. Check the chain of title to see if there are any liens/changes after your initial policy. Also make sure there are no postponed taxes, as this is more common with seniors.
  2. Check with your tax attorney to make sure that there aren’t any tax ramifications. Ask your attorney the best way to convey the property. If you are not doing it through a title/escrow transaction, it is best to consult an attorney. Title companies take steps to avoid fraud when they find documents that are recorded but not insured, but when the documents are prepared by an attorney, there is more credibility.
  3. From a title perspective, any time there is a deed that is conveyed and not insured, Ticor will go back to make sure that the parties involved intended to transfer the property. We will request an uninsured deed affidavit, which will answer questions such as why the property was transferred, was there consideration, were they in fact the party that executed the Deed? (meaning no money has been transferred) This affidavit will need to be notarized by a qualified notary.
  4. Documents needed in this transfer are a grant deed and a preliminary change of ownership—both need to be signed, and the deed needs to be notarized by a qualified and experienced notary.

Do I need an attorney? Do I need an escrow to make a gift of real property to my children?

It is always good to consult with an attorney, regardless of if your property is in a trust or not. An escrow isn’t necessary unless there is a transfer of money, or you need someone to draw your documents. Again, documents prepared by an attorney are more credible through a title company’s eyes.

If I received a gift of real estate and now the grantor is decreased, what steps will Ticor take to ensure that the gift was not a fraudulent transfer?

Normally, Ticor Title would request an uninsured deed affidavit, but that isn’t possible when the grantor is deceased. In absence of this, we would do the steps below…

–          Time- how long the deed has been recorded?

–          Review trust (if there is one)

–          Go back and check signatures to prior documents

–          Death certificate- cause of death?

–          Competency of the grantor when the property was transferred?

–          Investigate as much as possible based on the info provided by parties involved

 

 

 

I received a gift of real estate 10 years ago from my mother, and now my mom isn’t competent. Would that have an impact on the work that Ticor would pursue to protect themselves and their client against a future claim?

–          Time- how long the deed has been recorded?

–          Investigate time frame- when did she execute the documents?  Ticor may request medical doctor statements to ensure the competency of the mother prior to signing the documents

–          Review trust

–          Go back and check signatures to prior documents

–          Death certificate- cause of death?

–          Competency of the mother when the property was transferred?

–          Investigate as much as possible based on the info provided by parties involved

–          Take statements or affidavits from parties involved

 

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28

Jan
2014

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In Blog
Education
Estate Planning

By Ron Greenwald

Estate Planning For Seniors: Q&A Part 2

On 28, Jan 2014 | No Comments | In Blog, Education, Estate Planning | By Ron Greenwald

What’s in Your Glove Compartment? – Part 2

 

What are documents that comprise Your estate plan?

  1. Advanced Health Care Directive…Is that threatening? Think of it as your roadmap for physician, nurse and others working to save your life. When you buy a new car, what is in the glove compartment? A complete guide for the car’s health, security, and maintenance. Your advanced health care directive is that guide for you.
  2. Durable Powers of Attorney for Financial Decisions…Going through your daily routine, you make conscious decision about what you buy, pay your debts, pay your obligations, and make sure your financial house is running as smooth as possible. It is not a stretch to believe that if you were not physically and/or mentally able to pay those bills and invest you money wisely, that you would not want your “spend-thrift” brother or your 85 year old parent with memory loss in charge of your assets?
  3. Will/Trust – You have three choices where your assets can end up – with the Government; Charity; or family and friends. For those you love and trust to handle your estate, it is highly advisable to avoid the probate process. In California, probate process is time consuming and costly process. I have heard the argument – ” I do not want to spend the money now and if the kids get less due to the cost of probate – so be it.” This is from the same person who screams about attorney fees. One solution is, if your resources are an issue, ask the kids to pay for the trust preparation. If is it going to be their money, eventually, ask them – “do you want to spend money today to fund the trust document and avoid probate or do you want to wait until I die and have the estate go through the probate process and cost you 10x, 20x the cost of a trust? Fair question. The other issue that a trust will help with is the smoother and timelier transition of assets from one party to the next.
     
    (There is discussion amongst professionals, both licensed private fiduciary’s and attorneys, that every CONTENTIOUS estate should go through probate. The estate has 100% supervision from the beginning. The executor to be bonded and a full accounting made before any distributions are allowed.)

 

What is this all about?

It is about You being in charge of You. Whether totally fit and healthy enjoying watching each sunrise and sunset, in at state of suffering from incapacity, or having left this earthly world, your pro-actions of having an estate plan — a life’s action plan -for yourself will allow you to insure a legacy during life and beyond. Take action and call me today for an attorney referral – (858) 776-5863.

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28

Jan
2014

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In Blog
Education
Estate Planning

By Ron Greenwald

Estate Planning For Seniors: Q&A Part 1

On 28, Jan 2014 | No Comments | In Blog, Education, Estate Planning | By Ron Greenwald

What’s in Your Glove Compartment? – Part 1

 

Your vehicles glove compartment holds the key to your car’s lifestyle. Where do you find your quality of life road to success?

Curious….What is it about the term Estate Planning that makes an otherwise rational person procrastinate about personal incapacity and end of life decisions? It is the ultimate family game of resistance, ambivalence, and defensiveness. We’ve all heard the excuses….

  • It will all work out because I have raised my family to all get along.
  • If they know how much I have, they will want me dead.
  • It is none of their business and I must stay in control until I am gone.
  • My assets are not significant enough to matter.
  • I will be dead so I do not care what happens after I am gone.

Being incapacitated or dying without expressing your wishes in writing can easily throw those who love and care for you into a state of chaos. And it can allow trouble form the bully, the self righteous one, the disturbed one, the one who never felt loved by Mom or Dad, or the who has a gambling or drinking problem. This makes the thought of family governance a nightmare and the only winners are the attorneys who have to litigate the resulting conflict.
 

Well, what do we know?

  • The odds are at some point down the road of life, you will become incapacitated and unable to act on or make decisions that impact your quality of life.
  • No odds – at some point, you are going to die.

 

How do you take steps to prevent the problem and plan for the remainder of your life?

You are best served by engaging a competent attorney to work with you on your specific, personal, tailored estate plan. Or, as I like to say, Your Life Plan.

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10

Jan
2014

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In Blog
Education

By Ron Greenwald

Seniors Facing Big Decisions

On 10, Jan 2014 | No Comments | In Blog, Education | By Ron Greenwald

Ron Greenwald understands seniors who are facing big decisions.

He explains, “Part of the mission of my work is that I am in a position to talk to the senior who is stressing about the decision to sell or stay in their home. The first question I ask is, ‘Will moving out of your home be the best decision for YOUR quality of life? (A great Private Fiduciary in San Diego once told me that we as professionals working with seniors must and need to instill in the senior that they are the Chief Executive Officer of their life. Lets help the senior own that thought as they move into their golden years.) Why am I, Ron Greenwald, Realtor, called to visit the potential seller?

Answer…An event has occurred that triggers the call to have a discussion about listing the family home of 40+ years for sale–Why? – maybe the homeowner(s) took a visit to a senior living community, suffered the passing of a loved one, had a fall, saw a TV ad, or had a conversation with a friend. I continue the discussion with, ‘Why are you doing this? What has been your thought process before you called me to your home?’ The time of the year may have a lot to do with a senior’s thinking about making a move and selling their home. Is it the cold months of winter, or that the Grandchildren have not been out to visit for several months, or is it the hot summer months that has taken its toll? I take time to discuss, explore, and educate the senior about all their housing choices. Before making a decision to take on the challenges of packing, staging, selling, and moving, I tell them, “Sleep on it for a day, a week, a month.” Ron continues his insights.

Are You a Senior Facing a Housing Change? Consider the Following:

Six questions to help you decide the best option for housing.

1. Is moving your best option?

Certainly the vast majority of people wish to stay in their home as long as possible. It is a small percentage of seniors who pro-actively seek out a senior retirement community prior to a life altering event. The key is quality of life. Living alone in your home concerns me because it can lead to loneliness. Obviously there is a tendency for some people who live alone to not eat at regular times and prepare well balanced meals.As a result, one’s health will suffer. This can result in a series of events that spiral out of control. Far too often, the end result is a family frantically searching for a place to move their parent in a 24 to 48 hour period as they have received notice of termination from the rehabilitation facility. You want to make that decision with all the knowledge of what is available, what is the monthly cost, what are the amenities, what is best for you, the senior who will be living in a new community for years to come. For those individuals who can thrive with friends and family yet live alone, the key to aging in place is to be proactive with making one’s home safe from the number one reason that a senior ends up in the hospital and that is FALLING.

2. Is it feasible to upgrade your home and address senior safety issues?

Yes, it’s very feasible. Support bars, ramps, lifts and walk- in- showers can be added to address mobility issues. What is the number one thing that sends people to skilled nursing homes? Broken hips. And what causes a broken hip? A fall. There are organizations that will do an assessment of your home to make it safe for seniors. Don’t wait until you fall. Install the necessary equipment early so it’s in place when you need it.

3. Would you be happier and healthier with home care?
It depends. Make sure you go to an reputable agency that is vetting their employees beyond just the interview process. Background checks, references, and more. You want to see the background check before you let a stranger into your home. As you may be aware, a significant percentage of financial abuse victims are at the hands of a “caregiver.” NEVER, EVER,NEVER hire a caregiver through a internet site such as Craig’s List or even a referral from a neighbor. There are outstanding homecare companies that do a wonderful job caring for you and respecting your property. The person receiving the care must also understand that the quality of cooking may not be exactly as delicious as when you, the senior, were preparing the meals for the family. The cleaning may not be as perfect as when you were able to manage your own home. Overall home care can provide what you’re looking for and that is to allow you to stay in your home. You just need to be discerning.

4. Do you have the right support within a practical range?

Are you willing to accept support?If you are going to stay in your home, having the “right” family members close by is highly preferred. Does your son or daughter call you once a day to see if you got out of bed, to see if you took a shower, did you cook yourself a healthy meal, and more. All of this can be done in a loving, nonintrusive way. That support is priceless. Unfortunately, sometimes the “support” comes from those family members who do will do very little as they wait for their “loved one” to pass. Obviously, the support needs to be genuine. The other key to aging-in-place is to accept the role reversal that is inevitable from the senior being the parent to the daughter or son become the parent to their parent(s). If you as the senior can and will embrace the good intentions of your children to do the right thing, it can go a long way to helping your quality of life as they look after your mental and physical well being.

5. Are you prepared to combat elder abuse as a senior?

Elder abuse is really a tough subject for seniors to admit. There is physical abuse and financial abuse. As unfortunate and frightening as it seems, physical abuse may be happening amongst family members. Financial abuse happens more frequently from outside influences. It’s not a matter of if you are going to get hit, but rather when and how frequently. We’ve had stories of scammers posing as FBI agents coming to a senior’s door to perpetrate their crime.

It is crucial for you to open up, on a continual basis, to your most trusted advisor- CPA, attorney, pastor, family– who only ask for appropriate financial compensation (if any) from you. Go to them for answers to your questions like, “I just got this advertisement in the mail. What do you think of it?” Your financial security will depend on it. Realize these scam artists are professionals who have practiced and perfected their evil ways. Never, under any circumstances, should a senior be ashamed, embarrassed, or inhibited from reporting abuse crimes to the police or Adult Protective Services.

6. What about the costs of staying at home verses a moving to a Senior Living Community?

It’s not a simple question. The answer is multi-faceted. Depending on the level of assisted care you require on a daily basis will determine if aging-in-place or a senior living community is the less expensive path. Obviously, the senior living community has the economics of scale to be less expensive than if you require significant hours each day of in home care. One of the major issues that seniors fail to take into consideration when deciding to stay in their home is the cost of maintaining an older house. When a senior loses some capacity both physical and mental, far too many times, we see a home that deteriorates significantly over time as they live in a home that is not safe. Do you need a new roof? Are there other upgrades that are necessary? After weighing all the financial and emotional points of aging in place compared to a senior living community, having an open and frank discussion with yourself, your family, and trusted advisers and remembering you are the Chief Executive Officer of your life, you will make the right decision.

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