During the Holidays is a good time to get together with our elderly parents and
discuss their futures. The discussion of “the other talk” is due to the results of our
elderly parents living situations that effect our personal and many times our
financial lives.
Baby Boomers are taking over the world by numbers. Our parents are living much
longer in retirement than ever before. Life expectancy is up however quality of
life has been much the same a certain ages. Our parents have harder times
seeing as well as physically being able to care for their current home situations.
“The other talk”, encourages you and family members to look at parent or elderly
relative’s current situation and physical demands. This will enable you to evaluate
future moves, if any, as well as modifying current homes so that our elderly can
“age in place”. Aging many times comes as a rapid decline.
Your real estate professional can counsel you on how to talk to our aging relatives
as well as expectations of moves in the future. Look for the designations of SRES
associated with your real estate professional being a Senior Real Estate Specialist.
This specialist can help you with all kinds of resources who will make this
transition of our elderly easier for you and with compassion for all parties.