Taking Care of Elderly Loved Ones
- Introduction
- Can Your Loved One Stay at Home?
- Living with Your Family
- Other Housing Options
- Helping a Loved One Find Healthcare
- If Your Loved One Runs Out of Money
- In the Event of Incapacity
- Care for a Terminally Ill Loved One
Living with Your Family
Having a loved one move in with you is a common arrangement. In fact, over one-third of seniors who need help with general activities of daily living reside with their children. This option is not without its challenges. Changes in the daily routine and habits for both you and your loved one may be quite drastic.
Questions to Ask Yourself and Those You Live with Before Your Loved One Moves In
- Do you really want your loved one to move in? Have you asked your spouse or roommate and family? Has everyone been honest with you?
- What help will your loved one require? Do you have the time, and will the rest of the family be able and willing to help?
- This will require personal sacrifice. Is everyone prepared?
- What help do you expect from your loved one (light cleaning, cooking, babysitting)? Is this reasonable?
- Will you be able to respect his or her privacy and independence?
- Is everybody prepared to live in a home that is modified for a senior? Can you afford these additional expenses?
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What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.