- 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
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?
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Franklin Mint Federal Credit Union and Mint Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mint Wealth Advisors, and may also be employees of Franklin Mint Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Franklin Mint Federal Credit Union or Mint Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
Not NCUA Insuredor Any Other Government Agency | No Credit Union Guarantee | Not Credit Union Deposits | May Lose Value |
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: NJ, PA, NY, DE, AZ, MI, FL, MD, TX, VA, GA, NC.
Financial Learning Center content created by TrueBridge, Inc. The information provided is based upon sources and data believed to be accurate and reliable. The content contained herein is intended for information and illustrative purposes only, should not in any way be construed as a personal recommendation, and should be used in conjunction with individual professional advice.