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
Ron M. Landsman, P.A.
Ron M. Landsman has been practicing elder law since 1983, before it was known as elder law, originally with Landsman and Laster, Washington, D.C., then Landsman, Eakes and Laster, also in Arlington, VA, and since 1990 in his own practice in Montgomery County, Maryland. He has been among the most active members of the...
Needham Mitnick & Pollack, PLC
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...
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...