Plan Early for Moving an Elderly Parent

If you have an elderly parent or other loved one, you probably know you may one day have to move him or her away from home.

The move may be to a senior-only housing development, an assisted-living center or into your own home. The decision can be difficult, if not painful, for all parties, but sometimes these transitions are necessary. Therefore, you need to be ready for it.

"It's best to talk these things through while everyone's healthy, so your parent and your siblings know what's going on and there's a plan," says A.J. Nisen, a mortgage loan officer from Contra Costa County, Calif., who has personal experience with the matter. "You don't want to be caught in a situation where your mom is ill, can't stay in her house anymore and you've got to find a place for her, quickly." ...