The often wrenching transition to caring for aging parents is one that many children will face. Written by a gifted journalis...Read more
Supporting Aging Parents: A Case Study
- October 15th, 2003
ABCNEWS.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 Ashburn, VA
Hale Ball Carlson Baumgartner Murphy PLC
Jean Galloway Ball is certified in Elder Law by the National Elder Law Foundation. She is a 1977 honors graduate of the National Law Center, George Washington University, and she did her undergraduate work at the University of California at Berkeley, graduating Phi Beta Kappa in 1971. She is admitted to practice in Vir...
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...