The Money Maze
You're sitting across from your parent's doctor, and they're saying things like "he could live another ten or fifteen years" or "we'll need to manage her medications carefully going forward." And all you can think is: ten or
The Money Maze
Your parent's pharmacy bag is thick with bottles. Medications for blood pressure, cholesterol, arthritis, diabetes, anxiety, sleep. Some cost twenty dollars a month. Others cost hundreds. Your parent's Medicare covers some of it, but with deductibles and copayments, they're still spending more on medications
The Money Maze
Tax time used to be straightforward. You worked, you earned, you filed a return. Now you're helping your parent, paying for their care, maybe dealing with their finances alongside your own. Suddenly the tax code feels like it's written in a foreign language. You're
The Money Maze
Your parent has been independent in their home for forty years. The thought of them moving to a facility makes everyone miserable. But the house isn't set up for someone with mobility limitations. The bathroom is treacherous. The stairs are a problem. The bedroom is upstairs. Someone suggests
The Money Maze
This article is for educational purposes only and does not constitute medical, legal, or financial advice. Every family situation is different, and you should consult with appropriate professionals about your specific circumstances. You probably didn't expect to be the sole caregiver for your parent. Maybe you thought you&
The Money Maze
Your parent can't stay home alone anymore. Maybe they need supervision, maybe they're bored stiff and getting depressed, maybe they need activities and structure. You're terrified of the cost. You've heard stories about long-term care facilities running five or six thousand a
The Money Maze
This article is for educational purposes only and does not constitute medical, legal, or financial advice. Every family situation is different, and you should consult with appropriate professionals about your specific circumstances. There's a specific kind of tension that emerges when siblings need to talk about money and
The Money Maze
This article is for educational purposes only and does not constitute medical, legal, or financial advice. Every family situation is different, and you should consult with appropriate professionals about your specific circumstances. At some point, you realize that the standard solutions don't quite fit your parent's
The Money Maze
This article is for educational purposes only and does not constitute medical, legal, or financial advice. Every family situation is different, and you should consult with appropriate professionals about your specific circumstances. There's a moment that catches almost every adult child off guard. Your parent mentions needing help,
The Money Maze
This article is for educational purposes only and does not constitute medical, legal, or financial advice. Every family situation is different, and you should consult with appropriate professionals about your specific circumstances. You probably never imagined yourself as the financial decisionmaker for your parent's care. And now, here
The Money Maze
This article is for educational purposes only and does not constitute medical, legal, or financial advice. Every family situation is different, and you should consult with appropriate professionals about your specific circumstances. Why Your State Program Might Be Nothing Like Your Neighbor's State Program Medicaid is a federal
The Money Maze
This article is for educational purposes only and does not constitute medical, legal, or financial advice. Every family situation is different, and you should consult with appropriate professionals about your specific circumstances. The Asset That Might Be Sitting in a Drawer Your parent has a life insurance policy somewhere. Maybe