BABY BOOMERS AND AGING PARENTS
Many Baby Boomers are finding with Mom and Dad getting on in age, regretfully we find our parents cannot safely live on their own anymore. In cases, where Mom and/or Dad are alone, the kids face the task of finding an alternative living situation acceptable to them and more importantly, their parents.
In my family, my father had passed away 3 years ago and my Mom was now living alone. I was having groceries delivered to her until I was leaving on an extended vacation which took a couple of years to plan. I told my Mom I could not and would not leave her alone and would not burden the neighbors if anything should happen. Because she didn’t want a stranger living with her, that left me with one option; Assisted Living. Luckily, Mom understood. I found space close to our home and moved her in. Quite a relief. My in-laws had the same situation, and were moved into the same Assisted Living facility shortly thereafter.
As you may or may not know, Assisted Living is EXPENSIVE. You can count on an average of $5,000 per month and up depending on care required. For example, if prescriptions need to be dispensed the cost can be an additional $23 per day.
This leads me to a benefit not many are aware of. It’s called the Aid and Attendance benefit. Both my in-laws are Veterans and my mom is a spouse of a Veteran. Although being a Veteran is one qualification, Veteran parents have just a few other qualifications to qualify. Don't worry though, Mom/Dad can qualify. Benefits can get up to 40% of the cost of caring for Homebound parents. I have met many friends in the same situation and was more than happy to share this information with them. They had no idea this program even existed.
In many cases, the parent’s home is sold to help in the transition but does not have to be. If the decision is to sell their home, I take the utmost care in handling your real estate needs and the emotions you will undoubtedly experience. I continue to live and understand it. I welcome your feedback. You can call me directly with any questions you may have:
YOUR NEIGHBORHOOD AT A GLANCE
12 Month % Change in Price
Simi Valley (93063) 5.5%
Simi Valley (93065) 4.9%
Thousand Oaks (91362) -0.4%
Westlake Village 4.4%
Granada Hills (91344) 1.8%
Porter Ranch (91326) 2.2%
Woodland Hills (91367) 7.0%
Santa Monica 1.0%
BABY BOOMERS AND AGING PARENTS
Many Baby Boomers are finding with Mom and Dad getting on in age, regretfully we find our parents cannot safely live on their own anymore. In cases, where Mom and/or Dad are alone, the kids face the task of finding an alternative living situation acceptable to them and more importantly, their parents.
In my family, my father had passed away 3 years ago and my Mom was now living alone. I was having groceries delivered to her until I was leaving on an extended vacation which took a couple of years to plan. I told my Mom I could not and would not leave her alone and would not burden the neighbors if anything should happen. Because she didn’t want a stranger living with her, that left me with one option; Assisted Living. Luckily, Mom understood. I found space close to our home and moved her in. Quite a relief. My in-laws had the same situation, and were moved into the same Assisted Living facility shortly thereafter.
As you may or may not know, Assisted Living is EXPENSIVE. You can count on an average of $5,000 per month and up depending on care required. For example, if prescriptions need to be dispensed the cost can be an additional $23 per day.
This leads me to a benefit not many are aware of. It’s called the Aid and Attendance benefit. Both my in-laws are Veterans and my mom is a spouse of a Veteran. Although being a Veteran is one qualification, Veteran parents have just a few other qualifications to qualify. Don't worry though, Mom/Dad can qualify. Benefits can get up to 40% of the cost of caring for Homebound parents. I have met many friends in the same situation and was more than happy to share this information with them. They had no idea this program even existed.
In many cases, the parent’s home is sold to help in the transition but does not have to be. If the decision is to sell their home, I take the utmost care in handling your real estate needs and the emotions you will undoubtedly experience. I continue to live and understand it. I welcome your feedback. You can call me directly with any questions you may have:
YOUR NEIGHBORHOOD AT A GLANCE
12 Month % Change in Price
Simi Valley (93063) 5.5%
Simi Valley (93065) 4.9%
Thousand Oaks (91362) -0.4%
Westlake Village 4.4%
Granada Hills (91344) 1.8%
Porter Ranch (91326) 2.2%
Woodland Hills (91367) 7.0%
Santa Monica 1.0%
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