aging parents
Located in upstate New York, Oneonta gets dumped with 75 inches of snow annually. After most snowfalls, longtime resident Lois shoveled her sidewalk — even into her 80s — although she didn't need to go anywhere and her family begged her to stop.
Bulletin from Wuxi, China: In the first suit filed under the country's new law requiring adult children to visit their parents "often," a court ordered a woman to check in on her 77-year-old mother at least twice a month, and on at least two of the country's big holidays.
Instead of leaning on each other in their golden years, divorced parents may lean more heavily on grown children for care and support. Experts say adults whose parents are divorced should be prepared for the extra time and financial demands that aging and unmarried parents could require.
Anyone who has or may someday have family in a nursing home, take note: A mandatory arbitration agreement is probably not in your loved one's best interest. Though such agreements are becoming increasingly common at nursing homes and assisted living facilities, there's good reason for family members of residents not to sign.
Whither boomer's inheritances? Not coming, perhaps. "The post-war generation is living longer and increasingly using their savings to live out their retirement," the Wall Street Journal notes. Which could mean many boomers are in for an unpleasant wake-up call soon.
If you have children, you've probably thought about who would care for them should something happen to you. But have you thought of who might care for aging parents? Today's society demands "new considerations" when it comes to estate planning, says the BMO Retirement Institute. The group's new report, "Estate planning in the 21st century: New considerations in a changing society," instructs Americans to review estate plans to factor in parents, pets and technology.
As much as you may love your sibling(s), issues involving your aging parents often lead to arguments -- and even sometimes serious altercations within the family. Check out AARP's article on a new form of family problem-solving, elder mediation, that helps siblings see eye to eye when trying to…
In case you missed it yesterday, Elinor Ginzler, AARP Senior Vice President for Livable Communities, participated in a live chat on the Washington Post's website, answering questions all about the financial and emotional costs of caring for elderly parents. Ginzler joined Paula Span, co-author of…
According to this very personal article from Michelle Singletary at the Washington Post, "by 2020, 12 million older Americans will need long-term care. And when they need that care, they will realize that they and the caregivers they will have to lean on are woefully unprepared for the cost."
From Patti Shea