Can our elderly parents afford to move into assisted living?

Dad is age 90, mom is age 86. Due to some "close calls"  the kids would like them to move into an assisted living facility. Key  issues:

  • They've lived in their home for decades and mom doesn't want to leave - what do we do?
  • Should we sell the house or rent it out?
  • How long will their savings last if properly invested?
  • Is dad willing to give up his drivers license?
  • Does dad qualify for VA Aid & Attendance?

I was able to help them work through the financial issues surrounding  these questions and give the parents and children confidence to move  into the assisted living facility.