Attorney-CPA Joe Cordell is back this week bringing you part two of our three-part series focusing on staying in the home that you are in for life! Last week, Mr. Cordell gave an overview of how your long-term healthcare may look if you want to stay in your home, this week he is covering if your particular home is suitable for carrying you through until the end.
If you want to maximize the odds of staying in your home, it is important to think about the feasibility of the house itself. Proximity to regular destinations, the layout of the home, and accessibility to delivery and transportation services make all the difference. Mr. Cordell discusses and breaks down all of the different areas of financial feasibility, as well. What will your budget look like? Will you need to allocate extra funds for care? Are you prepared for the cost of living increases? Staying in your home for life may sound daunting, so we want to help you thoroughly prepare for this goal.
If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.