Newly widowed, Mrs. R found herself facing a situation many seniors fear: she had outlived her money. She had spent most of her assets caring for her husband while he struggled with Alzheimer’s, and now she found herself alone in her home, the only asset she had left.
Senior Care Management did a financial review of her situation, and offered some choices: she could get a reverse mortgage and stay put, or sell the home and go into assisted living. After weighing her options, Mrs. R decided to move. SCM set her up with a real estate agent who specialized in helping seniors make similar transitions; almost immediately after her house went on the market she had a buyer. SCM took Mrs. R to several assisted living facilities to find the place that she could call home. SCM took care of getting the paperwork and administrative tasks completed to secure the apartment that Mrs. R wanted, set up the mail forward, and arranged for her caregiver to stay with her for the first few days that she would be in her new home.
SCM negotiated with Mrs. R’s creditors to wait for payment until the sale closed and arranged for a bridge loan in case the sale was postponed or fell through. In the meantime, SCM arranged with a senior move specialist to help Mrs. R decide which of her possessions she would take to her new home and which she would give to family members, friends or charities. SCM helped her go through over 60 years of her household, financial and medical documents, organizing what she needed, and making sure everything else was safely shredded. Once Mrs. R was settled, SCM helped her find doctors and other services she needed in her new community.