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If you’re caring for aging parents, you’re likely wondering about the available options and how to make the best decision. The good news is that there are resources available to ease the burden and provide your parents with the support they need. Today, I’ll walk you through three key options families often explore:
In-home care providers can help your parents stay in their own homes. Many parents want to remain in their home, surrounded by their garden and routines. But when they need more help than you or your siblings can provide, in-home care’s an option. Different providers offer varying levels of service, ranging from basic daily tasks to comprehensive medical support. If you need recommendations, my team works with trusted providers, and we can connect you.
Reverse mortgages can provide funds for care. One challenge families face is how to pay for care. A reverse mortgage can free up money by turning the home’s equity into payments for your parents. Unlike a traditional mortgage, where you pay the bank, the reverse mortgage pays them. Some people worry about scams, and yes, they can happen, but when structured the right way, this tool’s safe and effective. I’ve never seen it cause issues when selling the home later.
Placement specialists can guide the move to assisted living. Sometimes parents need full-time care that isn’t possible at home. That’s where placement professionals step in. Their full-time job is helping families find the right assisted living facility. They know all the local options, and the best part is their service is free to you because the facilities pay them. They’ll match your parents’ needs, budget, and preferences, then help narrow down choices. Often, once parents visit a few places, they find one they love.
Helping your parents as they age can feel overwhelming, but the right resources can make all the difference. Whether they want to stay at home with in-home care, use a reverse mortgage to cover expenses, or move into assisted living, knowing your options will help you make the best decision. If you’ve got questions, you can call or text me at 626-408-2890 or email me at daveknight@kw.com. I’ll guide you through the process so your parents get the care and comfort they deserve.
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