It is paramount for people to make a durable and medical power of attorney when they are still young and all their mental faculties are intact. A power of attorney will give someone else the power to make medical and financial choices for you when you cannot make them independently. In the event that you delay making a power of attorney, then at some point, it may become too late. The process becomes much harder when a person loses his or her cognitive functions without a power of attorney in place.
Reaching the point when you and your parents know they need long-term care outside the home can be very difficult and emotional. You want the best for your parents in these final years of their lives, and trying to find a place that meets all your criteria is no small challenge, especially when you have a price range. Genworth Financial reports that the 2017 median cost of one month at an assisted living facility in Texas was $3,500. A semiprivate room in a Texas nursing home was $4,563.