A Bittersweet Season: Caring for Our Aging Parents -- and Ourselves
The often wrenching transition to caring for aging parents is one that many children will face. Written by a gifted journalis...
Read moreABCNEWS.com financial expert Adriane G. Berg offers advice to "Elaine," a 29-year-old with modest income and savings who is partially supporting her aging parents.
Ms. Berg suggests home ownership (but a home too small to accommodate a parent), the purchase of mutual funds, having Elaine's parents give her power of attorney, and looking into whether Elaine can claim her parents as dependants for tax purposes. While Ms. Berg endorses Elaine's willingness to help support her parents, her overall advice is: Put your own social and financial lives first.
To read the ABCNEWS.com article, go to: http://abcnews.go.com/sections/business/PersonalFinance/makeover990409.html (Article may be only temporarily available.)
Local Elder Law Attorneys in Your City
The often wrenching transition to caring for aging parents is one that many children will face. Written by a gifted journalis...
Read moreAmericans who take time off work to care for their aging parents are losing an estimated $3 trillion dollars in wages . . .
Read moreAs members of the Boomer generation become caretakers for their parents, more and more guides are popping up to aid them. Thi...
Read moreThis book is a practical guide to working with your parents to make financial plans and preserve legacies while you both stil...
Read moreMedicaid Rules, etc