Planning Options for Unsupported Elders or Elder Orphans

Planning Options for Unsupported Elders or Elder Orphans

Unsupported elders or elder orphans are individuals in the elder community who face social and/or physical isolation without any available known family members or designated surrogates or caregivers. This growing phenomenon is becoming more common, with AARP reporting that one in five Americans over the age of 65 are at risk of becoming elder orphans. Factors such as higher divorce rates, the decision not to have children, and the boom in this demographic’s population contribute to this trend. At Bellomo & Associates, an estate planning and elder law firm in Pennsylvania, we understand the unique challenges faced by unsupported elders and offer solutions tailored to their needs.

 

Seeking Support:
Being an elder orphan does not imply a lack of financial resources but rather a lack of social support. Fortunately, various support groups and initiatives are emerging to address this issue. Adopting a family, finding a roommate or exploring co-housing options, considering intergenerational housing, joining life plan communities, or becoming a member of online communities like Facebook groups for elder orphans (with over 6,000 members already) are some basic solutions to combat isolation. Additionally, we advise clients in similar situations to explore retirement communities or other living arrangements promoting social interaction. It’s also worth noting that professional individuals can serve as Healthcare Power of Attorney agents and financial Power of Attorney agents, even if they are not family members, ensuring that essential needs are met if the means to pay for them are available.

 

Exploring Alternative Opportunities:
For individuals in this situation, it is crucial to seek out alternative options and establish reliable connections actively. This article highlights the importance of finding people they can rely on or paying for services if they have the means to do so. By engaging with a supportive community, whether through personal relationships or professional assistance, unsupported elders can enhance their quality of life and ensure their well-being as they age.

 

At Bellomo & Associates, we understand the concerns and challenges faced by unsupported elders or elder orphans. We are here to provide comprehensive estate planning and elder law services tailored to your unique situation. Don’t navigate this journey alone. Take charge of your future by seeking out the opportunities and support available to you. Visit our website today to learn more about how we can assist you. Be sure to register for our free educational workshop to gain valuable insights and guidance. Together, we can ensure peace of mind and a secure future for you or your loved ones.