If your parent or family member can no longer live independently, it can be hard to figure out your next steps. You have to research care facilities, determine if they can move in with you, figure out what to do with their home, and a long list of to-dos will continue to grow.
This is a stressful and challenging time for everyone involved, and we want to save you the hours of Googling, so we created this comprehensive list to help you navigate these changes with the right resources and steps.
What is the first step I should take when a loved one can no longer live independently?
Your first step is to determine whether they will move in with you, go to a care facility, or have a live-in nurse. Deciding which of these options works best is a collaborative effort. Maybe your loved one needs to downsize to a smaller home and hire a nurse a few times a week; perhaps they feel most comfortable moving in with you. No matter what option you move forward with, check-in with their doctor, and work with them to determine the best situation for their health and well-being. Here is some more detail for each of these options:
Moving in with you
One option you have is to move your loved one in with you. Before making this decision, there are some things you should consider:
- Will they need extra care while you are at work?
- Do you have the extra space for them?
- Will you need to hire a nurse?
- Is your home equipped for their needs, like having an accessible bathroom and a bedroom downstairs?
- Will your loved one be contributing to groceries and rent? Or will you need to cover the expenses, and can you afford that?
Moving your parents or loved ones in with you can be an excellent option, as long as you keep these things in mind. If you are away from work and don’t have the extra space, you might consider moving them into a care facility.
Moving into a care facility
If you are considering moving your loved one into a care facility, there are a few things you should keep in mind:
- What is the facility’s cost, and can you (or your loved one) afford it?
- Does your loved one need that much care? Or do they need a smaller, more accessible home?
- Are there facilities close enough for you to visit?
- How does your loved one feel about this change?
- Will the facility be able to support their health and medical needs?
Hiring a live-in nurse
If your loved one is independent but cannot take on the burden of a big house, you might consider helping them move into a smaller place and hire a nurse. This option is great if they do not have too many health concerns and still want to be independent to an extent. Some care facilities also offer apartments on-site, so they care when they need it but only when it becomes necessary.
How can I afford assisted care for my loved one?
Cost is always the deciding factor when trying to find the best solution for your loved one. If they consider moving to a smaller place or an assisted living facility, they can sell their home to cover the costs. You can work with an investor like The Trusted Home Buyer to get a fair cash offer and a quick closing date. We have worked closely with several clients transitioning to a smaller home or relocating to live with their children, and we work hard to help find the best solution for their needs.
You can also apply for government funding like Medicaid, leverage a life insurance policy, or find a facility with a flexible payment option. There are also non-profits you can reach out to for help.
What else should I know?
Take a deep breath, take some time to figure out their best options, and don’t forget to practice some self-care. Be sure to work with your loved ones, so they feel like they are apart of the decision too. While this can feel like an impossible situation, there are so many options available to you.