Making difficult Eldercare decisions

Situation: An elderly mother and her 45-year old son came to us to discuss the mother’s desire to move to a retirement community. They sought out counsel on finding the right place for her as well as to provide an orderly transfer of assets to her son and grandson.

Actions: We discussed the family’s needs and visited a number of retirement communities with the mother. We helped them to find the right place and to implement a strategy to finance her move. We also made recommendations about the management of a family Trust and rental property within the Trust. We identified strategies so that she could provide funding for her grandson’s education. We re-allocated and continue to monitor the investments in her Grantor Trust and in the family Trust.

Result: Her move to the retirement community was a very positive experience. The family was grateful for our help in facilitating the decision and the move.