As the child of or caregiver of a parent who is in the process of downsizing their home, there can be a large responsibility placed on you. Not only to assist with the process but to also be informed regarding health, safety, and financial decisions.
We wanted to compile a list of resources specifically dedicated to the individuals who sometimes get swept under the table; the ones helping those make the decision to and help with the downsizing. There is an abundance of free resources for you online that can serve as an excellent starting point for conversations and as guidelines on what to do first and who to talk to.
Here are some great online resources to get you going:
However, free online tools and resources aren’t the only places you can turn to as a child or caregiver. Work with people you know and people your parents know! Urge your parents to speak with their financial planner, counselor, life coach, and their real estate agent. As someone assisting the process, you are able to provide outside perspective and guide your parents through this very exciting time. When done correctly, this can bring you closer together as a family and allow both parties to ease into this new and exciting chapter of life!