As baby boomers transition into retirement and their golden years, their adult children are becoming caregivers and counted on to provide financial support. More than 32 percent of adult children helped out with $5,000 or more of their parents\u2019 expenses in the last year, and more than 75 percent are concerned about the impact it could have on their own financial stability.<\/p>\n
Savings have been hit hard because of the sagging economy, investment losses, and depressed home values. Complicating matters is sky-rocketing health care costs associated with Mom or Dad\u2019s long-term care. An experienced elder law firm can help preserve assets, connect with government benefits and resources, and create a contingency plan to address possible changes.<\/p>\n
As you explore options on how to best take care of your parents, it is important that you understand the legal implications of your good intentions. A false step could result in lost Medicaid eligibility, adverse tax (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" As baby boomers transition into retirement and their golden years, their adult children are becoming caregivers and counted on to provide financial support. More than 32 percent of adult children helped out with $5,000 or more of their parents\u2019 expenses…<\/span><\/p>\n