“Aging In Place: A Great Way To Extort Payback From Your Adult Children” – Forbes

aging parents

by Sara Zeff Geber

“If you have bought into the idea that aging in place in the home you’ve maintained for 30+ years is the best answer to the question of where to live as you age, I can only conclude that you have decided it’s payback time for your children. Did your own parents live into their late 80s and 90s? Did they age in place? If so, how did that work out for you? Maybe you were one of the lucky ones whose parents lived happily on their own into their old age and then just died in their sleep one night, and now you are absolutely sure that is exactly what will happen to you. But what if it doesn’t?

“Moira knows first-hand what it’s like to have a parent who refuses to move out of their home of 50 years. Her mother, Pat, has a home is debt-free and there is enough money coming in from social security and a small pension to meet expenses every month.  In addition to that, Moira’s parents saved a substantial amount of money over the course of their lives and were planning to leave Moira and her brother, Will, a nice inheritance. However, both Moira and Will are in good shape financially and would rather their mother used the money to ensure herself a comfortable and safe life as she gets older.  They have toured several assisted living communities and eventually even persuaded Pat to come along on one of their visits. But it didn’t change her mind.

“No matter what Moira or Will said to Pat, she clung to the idea of aging in her two-story home. She claimed the stairs were good exercise and refused to even relocate her bedroom to the lower level.” Continue reading this article at Forbes, click here.

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