How to Plan for your Parents’ Long-Term Care Costs

Archive for July 2016

How to Plan for your Parents’ Long-Term Care Costs

Could you be on the hook for your parents’ long-term care expenses? The answer is YES! In about 30 states, including Pennsylvania, there are laws called filial reasonability or filial support laws, which may obligate children to help defray their impoverished parents’ long-term care expenses. Most of these laws include civil enforcement, but several states…

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