If you are a north Texas senior or the adult child of one, you have very likely heard the term “aging in place.” But few people understand what it really means. In general, the term is used to describe a plan created to allow an older adult to age in whatever setting they call home. Traditionally, that meant in their private residence.
Families often believe it is less expensive for a senior loved one to remain in their own home once the mortgage is paid off. But mortgage-free doesn’t mean there won’t be expenses. In addition to taxes, home repairs, maintenance, housekeeping and lawn care, older adults will typically require home care services and technology solutions to keep them safe. [Read more…]
