Navigating the Financial Maze of Transitioning into Senior Care!
By William Greene
The transition into senior care is often an emotional and logistical whirlwind, but one aspect that needs your undivided attention is the financial planning. Here’s a guide to understanding the key financial factors:
Know the Costs: Assisted living, skilled nursing, memory care, and independent living communities all have different costs. Research and know what you’re getting into.
Evaluating Payment Options: Beyond savings, there are other ways to fund senior care, including long-term care insurance, veteran’s benefits, and Medicaid, depending on eligibility.
Home Equity as a Resource: Selling the family home can be an effective way to finance care. Some opt for cash home-buying services to expedite the process and mitigate stress.
Consult a Financial Advisor: An advisor experienced in elder care issues can offer tailored advice and perhaps introduce options you hadn’t considered.
Budgeting for Additional Expenses: Keep in mind that some services may not be included in the standard fees, such as specialized medical care or outings.
Look for Incentives: Some communities offer move-in incentives or have a sliding scale for fees based on income or financial need.
Understand Tax Implications: Certain medical and care expenses may be tax-deductible. Consult your tax advisor for specifics.
Transparency with Family Members: Open discussions among siblings and stakeholders can alleviate tension and ensure everyone is on the same page.
The journey into senior living is fraught with challenges, but prudent financial planning can alleviate some of the stress. Knowledge is power when it comes to ensuring that your loved ones get the care they deserve without breaking the bank.
SEE MORE ARTICLES ON SENIOR TRANSITIONS TO ASSISTED LIVING COMMUNITIES…
Exploring The Benefits of Equity For Senior Living Care
Importance of Understanding Assisted Living Costs
The Breakdown of the Steps in the Home Selling Process
Music Our Seniors LOVE
Emotional Journey of Seniors Transitioning to Assisted Living
Finding Money For Assisted Living
Seniors Transitioning To Assisted Living Communities
We are PROFESSIONAL SENIOR LIVING TRANSITION SPECIALISTS!
As of April 2022, we have been trained & certified to help families transition Mom (or Dad) into a senior living community by liquidating Mom’s House to cover much needed assisted living or independent living costs. We are cash buyers who are also experts at the senior living transition process and are expert in finding money for assisted living. We help with donating, selling, or throwing out all of Mom’s belongings while also closing on the family’s timeline. We work with downsizing and moving professionals who gracefully help with this important transition. Bottom line, we are cash buyers who help seniors and their families pay for quality assisted living costs through consultation from a place of experience and care.
We are cash buyers of seniors’ homes so that they and their families can transition effortlessly to Colorado senior living communities in Littleton, Centennial, Englewood, Castle Rock, Aurora, and metro Denver.
MOM’S EQUITY helps seniors eliminate the stress of selling a home. We help families, who have a loved one, move into senior living communities, gracefully and with care and love. We happily work with families who are transitioning Mom and/or Dad at one of the most sensitive and potentially stressful times of their lives.
We’re not listing your house – as we are not realtors! We’re actually the ones buying your house. Because we pay cash, we’re able to close quickly… or on your timeline. This creates the financial liquidity to get seniors into the best care community possible.
When you work with us there are no fees… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs, having to come out of pocket to sell your house fast, or even getting your house ready for a sale.
We’ll buy your house as-is. What’s more, is that we also have downsizing professionals who can take care of decluttering Mom’s house.
From sorting through years of memories, working with estate planners, coordinating movers and real estate agents to designing a functional and comfortable floor plan, our compassionate and experienced professionals can be involved as much or as little as you like. We’ll serve as your family’s advocate, ensuring your best interests are kept in mind throughout the process.
Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.
ROI Proportunities works with Caring Transitions of Denver Central – whose employees are held to the highest standards, and maintain ongoing security and education requirements. All of our employees are bonded, insured and thoroughly screened, and each of our offices participates in the comprehensive Certified Relocation Transition Specialist (CRTS) Program. The CRTS credential is a professional mark of ethics and excellence in the field of move management.
Areas We Serve
You might ask “How Do I Find Cash Buyers Near Me?” Well, we’re cash buyers in Littleton, Elizabeth, Franktown, Castle Rock, Parker, Englewood, Centennial, Greenwood Village, Sheridan, Lonetree, Denver, Cherry Hills, Southglenn, Parker, Denver Tech Center, Denver County, Douglas County, Arapahoe, Elbert and surrounding areas.
How It Works
Sell Mom’s House in 4 Easy Steps!
#1) Contact Us
Contact us to connect with a senior transition specialist in your area.
#2) Schedule A Visit
We’ll schedule a time for one of our senior transition specialists to meet your family.
#3) Get a Cash Offer
One of our buyers will personally visit your home* and provide an on-the-spot offer.
#4) Move In
Consult with your personal senior transition specialist and gain access to trusted long-term care community.