The downsizing process often means getting rid of possessions that your family doesn’t want or have room for. However, there are ways around the problem.
Elderly people who decide it is time to downsize, often find that their younger relatives do not want or cannot take very much. This is because their own homes are already filled or they just have different tastes than their elders, according to The New York Times in “Aging Parents with Lots of Stuff, and Children Who Don’t Want It.”
One solution to this problem is to contact an estate sale company to auction off unwanted items.
Nevertheless, some people on fixed incomes might find that option unaffordable, since many estate sale agents charge high hourly fees and fixed fees from the sale in the thousands of dollars range.
Another potential solution is to donate unwanted possessions to charity.
More and more people are using this option.
It can even come with the benefit of a tax deduction for those elderly people who itemize their deductions.