The Cost of Living at Home
Aging at Home is Free, Right?
Graham, 80, and his wife Ethel, 78, still live in the Willowdale, Toronto, home they purchased new in 1961. Over the years the neighbourhood has changed, and so have they. Graham is likely to fail his driving exam next month due to macular degeneration, and they both have health issues. However, they’re managing fine, and when their out-of-town kids suggest looking into retirement residences, Graham says, “Living at home is free, so why would we move?”
But is aging at home really free?
Whether you're planning your estate, helping your parents create their Wills, or organizing your own affairs, 'probate' is a term you may be aware of - but what does it really mean and how does it affect you and your family?
This eBook provides basic information and resources surrounding the issues of probate, including:
- Who applies for probate?
- When and where do you apply for probate?
- Why seek probate?
- Should you avoid or seek probate?
- How can you avoid probate fees?
- How does probate impact estate executors and estate planning?
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