There comes a moment in every senior’s life when it’s time to decide if they need assisted living for their well-being. If you’re considering whether it is time to make this move for your senior loved one, you may be considering the decision from all angles. You may also wonder how to have a sensitive and productive conversation about it. For all these considerations, JC Insurance Group shares essential advice below.
Signs It’s Time to Move Your Senior Loved One to Assisted Living
A study by StatPearls reports that as people age, they often require more assistance with activities of daily living and medical care, in which case it might be time to move them to assisted living. Here are some signs that it’s time to make the switch:
- They’re having trouble taking care of themselves: If your loved one has difficulty performing basic self-care tasks like bathing, dressing, and using the restroom, it’s time to consider assisted living. Most assisted living facilities provide residents with help with these activities as needed.
- They’re isolating themselves: If your loved one has become withdrawn and is no longer participating in activities they once enjoyed, it may be a sign that they’re struggling to live on their own or may be facing mental health difficulties. Assisted living facilities offer a variety of social and recreational activities that can help residents stay engaged and connected.
- They’re not eating right: If you notice that your loved one is losing weight or their eating habits have changed, it could be a sign of trouble. Many assisted living facilities offer meal plans and assistance with cooking and eating.
- Their home is becoming unsafe: If you’re worried about your loved one’s safety at home, it may be time to consider a move to assisted living. According to Cherished Companions, from falls to fires, there are many potential hazards in the house. Assisted living facilities are designed with safety in mind, and staff is always available to help residents with anything they need.
- They’re struggling with medications: If your loved one is having trouble remembering to take their medications or is experiencing adverse side effects, it may be time to seek help. Many assisted living facilities have staff members who can help residents with their medications.
Making the switch can be a big decision, but it may be the best way to ensure your loved one gets the care and assistance they need.
Selling Your Loved One’s Property and Business
One of the first and perhaps most important financial decisions to make is what to do with your senior loved one’s home. Many people decide to file a quit claim deed, which transfers ownership of one’s property to family or someone else with whom there’s a solid and trustworthy relationship. You’ll need to find out what the filing requirements are in your area, then find an attorney to help you fill out the property forms. Once completed, you and your loved one will have peace of mind knowing how the property will be settled.
Plus, if your loved one has a flourishing business, there might come a time when they no longer want to handle it independently. Or, in the case that they’re no longer able to run it to the best of their ability, it might be time for you to step in and help out. Selling the business might be a viable option, as you’ll be able to use the profits to get your loved one the care they need. When doing so, be sure to get a professional business valuation so you have an objective perspective of the business’s value before you make the sale. A reasonable business valuation will also include business assets such as real estate and inventory.
Making that decision on the best care options for your senior loved one can be incredibly challenging. You’re likely considering a wide range of different outcomes, needs, and opportunities. From selling their business to considering aging-in-place strategies, be sure to do all you can to provide your loved one with the care they deserve.
JC Insurance Group proves our integrity by our actions and the quality of service and products we provide our clients. Contact us today to learn more! (458) 205-8398 or toll free (866) 981-3017