The following content originally appeared in an article by Diane Franklin on OurParents.com on June 11, 2016. Copyright © 2016 OurParents.
Financial Planning for the Assisted Living Resident
Many seniors sell their home when they transition to Assisted Living and use part of the equity for move-in costs and other initial expenses. However, this regularly means a leftover sum from the home sale and uncertainty regarding the most effective way to manage the money. With proper planning, seniors can make these residual funds last for many years to come...