Raymond James & Associates, Inc.
Wilmarth Private Wealth Management
Steven T Wilmarth, CEP®, WMS®
Managing Director
202 N. Harbor City Blvd.
Suite 301
Melbourne, FL 32935
321-253-7911
877-210-0769
steve.wilmarth@raymondjames.com
www.wilmarthpwm.com
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Caring for Your Aging Parents
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| | Housing Options for Aging Parents
| In-Home Care
| Assisted-Living Facility
| Nursing Home
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| When to consider
| Parent can live independently but needs some assistance
| Parent can live independently but needs some assistance
| Parent can't live independently and requires regular
nursing care
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| Types of care provided
| - Medical care (nursing or health aide)
- Household help
- Companion or caretaker services
- Meal delivery
- Transportation
| - Rental rooms, apartments, or houses
- Housekeeping services
- Meals
- Social activities
- Transportation
- May provide limited health-care services
| - 24-hour access to medical care
- Custodial care: some help eating, bathing, dressing,
or taking medications
- Skilled nursing care
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| Potential advantages
| - Can remain in familiar surroundings
- May be less expensive than assisted-living or
nursing home care if limited services are needed
| - Staff available 24 hours a day
- Social interaction with other residents
- May have home-like atmosphere
| - Social interaction with other residents
- Access to round-the-clock medical care
- May have special care units for individuals with
Alzheimer's disease or related conditions
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| Potential disadvantages
| - Strangers in home
- Can be difficult to coordinate care
| - Limited privacy
- Long waiting lists
- High fees for extra services
| - Limited privacy
- Long waiting lists
- Very expensive
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| What you need to do
| - Assess hazards and functionality of home, renovate
if necessary
- Check credentials of agency or individual providing
service
| - Research facility thoroughly
- Consult an attorney before signing a contract
| - Research facility thoroughly
- Consult an attorney before signing a contract
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Raymond James & Associates, Inc., member New York Stock Exchange/SIPC
This information, developed by an independent third party, has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results. Raymond James does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional.
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| Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2024. |
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