• Financial Planning Do's & Don'ts in Today’s Economic Crisis
• Financial Planning: What Those Professional Designations, Credentials & Titles Really Mean
• Who Can You Trust for Financial Advice?
• Advice for Seniors: Managing the Financial Market Turmoil & Economic Crisis
• Seniors: When is it Time to "Let Go" of Control?
• The Real Cost of Reverse Mortgages
• Fund Unexpected Elder Care Costs with Your Personal Resources
• Paying for Senior Care with the Inheritance
• Lessons I Learned after My Father’s Death
• Thinking of Selling Your House? Read this First!
• How Much Can You Save with Advance Planning?
• How to Pay for Long-term Care without Breaking the Bank
• What’s in Your Parent’s Wallet? (And What That Means for You)
• Financial Planning for the Elderly: Assisting Clients & Their Caregivers
• Financial Planning for the Elderly: a Personal Perspective

COMMENTS
3 Responses to “How Much Can You Save with Advance Planning?”

1. Brenda Says:
   

   I live about 60 miles away from my mother and work full-time, but through family friends we met a lovely young woman looking for a place to live without much money. This girl now lives with my mom and helps her get her groceries and does laundry and other errands. And my mom couldn't be happier as she still lives at home, which is exactly where she wanted to be.

2. Suzanne Wolfson Says:
   

   Brenda,

   Sounds like you have found a great solution for your present needs. Not every one is so lucky to find someone to help out in their home whom they feel they can *really* trust. I encourage people to look at these types of options because an elder’s desire to stay in the home should be respected, if it is feasible.

   Again I congratulate you on your creative solution. However, I urge you to discuss with your mother what her future needs might be and how they can be accommodated. By planning and looking at all possible options prior to making a decision, you and your mother will hopefully be more comfortable with your choices.

   Thanks for the response,

   Suzanne

3. Jerry Bartholomew Says:
   

   In most states, it is becoming more difficult to shelter assets from the cost of long-term care. The best arrow in your quiver of options is time.

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