Archive for July 2010
28
Depression common in seniors’ facilities
0 Comments | Posted by EldercareBC-R in Assisted Living, Financial Planning, Residential Care
A startling 44 per cent of the quarter-million seniors living in residential-care facilities are suffering from clinical depression, a new study shows. Researchers found that 26 per cent of residents of nursing homes, personal care homes and long-term care facilities have been diagnosed with depression and another 18 per cent have clear symptoms but no documented diagnosis of depression.
For those with elderly parents, it’s yet another cause for concern – click here for the full details.
One of the alternative solutions could be private care or care at home. This often raises the BIG question – “Can we afford it?.” Click here if you’d like us to help find an answer.
2
Mamma Mia – Is Mother Moving into Your Home?
0 Comments | Posted by EldercareBC-R in Financial Planning
It is a tough time no matter what the circumstances when an elderly relative, perhaps a parent, is no longer able to live independently in their own home.
One option may be for your parent to move into your family home. If parents, kids and grandparents can all live together, then there are a number of financial, tax and estate issues to consider. To find out more, Click Here.
The article makes a few valid observations regarding the financial consequences of having parents stay at home. However, it does not touch on the difficulties of getting a parent into the Provincial Assisted Living Program, nor does it cover the costs of the program and the way that the costs destroy investment income, monthly cash flow and future inheritences. To find out more, click here.
