Estate sales are quite common, but they typically take place after an individual has passed away. With a living estate sale, all the property will be sold while the head of the estate is still alive. The idea of selling off personal possessions can be daunting, but there are a few beneficial reasons your senior loved one might want to consider having a living estate sale.
Let Others Enjoy Treasured Items
Items that have been collecting dust or sitting unused can make other people happy for decades to come. Instead of sitting in boxes in the attic or basement, they will go to someone who is going to appreciate them every day. Any heirlooms the head of the estate would like to keep can be left out of the sale.
From holding living estate sales to managing household chores, seniors may need assistance with an array of tasks. Clearwater, Home Care professionals can be a wonderful boon to seniors. Whether they require around-the-clock supervision or just need assistance with exercise and household tasks a few days a week, seniors can enjoy a higher quality of life with the help of trusted in-home caregivers.
Make Downsizing Easier
Downsizing to a smaller apartment or senior living center can be extremely difficult for an aging adult. Even with help from friends and loved ones, moving thousands of pounds of personal possessions is backbreaking work. Getting rid of the extra items no one is using can make downsizing exponentially easier, and the money made from the estate sale could cover costs such as renting a truck or hiring a moving company.
Downsizing can be an emotional experience for seniors. Make sure your loved one has the support he or she needs to remain happy and healthy by hiring a compassionate caregiver. In Safety Harbor, Florida, home care agencies can be a great boon to seniors. With the help of the caregivers at Home Care Assistance, your aging loved one can lead a happier and healthier life. We offer a revolutionary program called the Balanced Care Method, which encourages seniors to eat nutritious foods, exercise and socialize regularly, and focus on other lifestyle factors that increase life expectancy.
Create a Safety Net
Many older adults are one accident or mishap away from financial ruin. From auto collisions to sudden illnesses, it doesn’t take much to wipe out a savings account, which is why so many financial experts suggest setting up a safety net in a separate account. This safety net should be able to cover basic expenses for at least a few months in case of an emergency.
Pay Off Major Expenses
Some seniors might also want to use the money made from a living estate sale to cover their current expenses if they are having financial difficulties. Slowly chipping away at high-interest debt can end up costing someone thousands of dollars over the years. In some cases, making the minimum payments won’t do anything other than cover the interest that is accruing. Being able to pay off an old credit card or medical bill could potentially free up hundreds of dollars a month.
Managing caregiving duties and holding a living estate sale can be challenging for family caregivers. Families who find it difficult to care for their aging loved ones without assistance can benefit greatly from professional respite care. Safety Harbor, FL, family caregivers who need a break from their caregiving duties can turn to Home Care Assistance. Using our proprietary Balanced Care Method, our respite caregivers can encourage your loved one to eat well, exercise regularly, get plenty of mental and social stimulation, and focus on other lifestyle factors that promote longevity. Contact us at (727) 330-7862 to learn more about our services and set up a free consultation.