Do you remember when your parents sat you down and had that “that talk” with you: about the birds and bees? If you are the adult child of elderly parents, it now may be time to have a different, but no less important, kind of “talk” with them: a conversation about rethinking home; about dollars and sense.
We at Greenwald & Gerke understand that most seniors prefer to stay in their home as long as possible. Their children may have fond memories and a strong attachment to the family home as well.
But sometimes a move – what we call rightsizing – becomes necessary due to health, mobility or financial challenges. It also might be a relocation older homeowners seek as a lifestyle change; perhaps to an amenity-rich, maintenance-free, senior living community.
Family Dynamics Can Complicate Matters
A big move at any age can be challenging. For seniors, the journey can be overwhelming.
As experienced, knowledgeable and – not least of all – compassionate Senior Real Estate Specialists, we serve as a single point of contact helping families navigate the journey smoothly and successfully. We marshal a team of experts, from fiduciaries to de-clutterers, to ease the path.
· We are skilled at mediating among children and step-children who may not be on the same page with their parents or each other.
· If we have concerns about a client’s physical or mental limitations, we will seek their permission to speak with their children as well as professional advisors and/or physician.
· In cases of severe cognitive impairment, we advise the children to check with an attorney to make sure they have the legal documents in place to sell their parent’s house.
Be Proactive
We urge aging adults and their families to prepare for contingencies in terms of their lives and homes. We strongly recommend that people educate themselves on state codes regarding trusts, assets and probate, and work with trusted professionals to conduct estate planning well in advance of a crisis.
It’s a Journey, Not a Transaction: Greenwald & Gerke is committed to helping you every step of the way. Call us at (844) 782-9674 for a complimentary initial consultation.
