As your parents get older you must try your best to work together as a family. It can be difficult for some senior citizens to accept the reality of reduced capabilities setting in, but be this as it may it is up to the children to take the appropriate actions.
When you look at the statistics you see that the majority of senior citizens require some form of living assistance eventually. Some people receive in-home care, and more often than not this care is provided by family members and/or friends.
According to the Medicare website 40% of individuals who reach the age of 65 will wind up residing in a nursing home at some point in time. This is something to take very seriously on a financial level because Medicare does not pay for an extended stay in a nursing home.
The average annual expense for a year in a private room in a nursing home was over $90,000 in 2012, and it should be noted that about 10% of the people who reside in nursing homes live in these facilities for at least five years.
If you are interested in finding out all the facts with regard to caring for an elder parent the intelligent first step is to sit down and discuss everything with a licensed and experienced elder law attorney. Your lawyer will ask you all the relevant questions, listen as you explain your preferences, and provide you with the appropriate advice.
Everyone gets older and there are certain eventualities that we all must face. However, when families engage knowledgeable legal counsel and cooperate with one another to take care of aging relatives things generally fall into place.
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