298
© 2022 Fairygodboss. All rights reserved.
Many of us here are dealing with aging parents or grandparents with Alzheimer’s, Parkinson’s or something similar.
How are you caring for them, figuring out finances or generally just being there for them? My grandpa is 92 and has AD. We’re in the middle of moving him to assisted living and thanks to his prudent financial planning, he gets paid $5000 a month through retirement and social security. His house needs to be sold and my mom was given full power of attorney so she can help make full financial decisions. We know he has other financial help but my mom is in the middle of paperwork to try and figure that out.
There are so many decisions to make still and I want to be there for my mom to help reduce pressure and also be there for my grandpa while we at least still have him. Have you made an financial or lifestyle decisions to generally just help or be there for older generations?
Francesca Vanderwall
610
05/14/19 at 7:54PM UTC
Find a financial advisor you trust to help you sort through what YOU can do to help (money or just time, effort, and support.) I'd recommend the same thing for your mom. They might also have some referrals for other resources to help with the transition.
Lady PeleRetired Project Manager
3.96k
05/01/19 at 12:30PM UTC
This is an incredibly difficult situation. My father-in-law went from being an active man to being somewhat disabled, but able to live at home, to finally being in assisted living.
My first recommendation is to find a qualified elder law attorney. These attorneys handle a wide range of legal matters affecting an older or disabled person, including issues related to health care, long term care planning, guardianship, retirement, Social Security, Medicare/Medicaid, and other important matters.
If your grandfather is a veteran, he likely has veteran benefits that will help pay for some of his care. United Way in your area may also have programs or contacts that can help. Sites such as https://www.aginginplace.org/ may also be helpful.
© 2022 Fairygodboss. All rights reserved.