Imagine that glorious day when your children have grown into adults and the “Bank of Mum and Dad“ has finally closed for good. Now imagine your house is free of clutter, you have a nice healthy balance in your pension and investments and, most importantly, you just handed in your notice at work because you are ready to retire!

For most of us, that is the vision when starting retirement; however, a lot of us who own a home haven’t really thought about what we are going to do with our home as we get older. It is important for this “big picture” to create a plan about how you intend to deal with the family homestead while you are of sound mind and body.

You may find that, like a lot of couples who become “empty nesters”, the (more…)