A recent MarketWatch article discusses one of the biggest obstacles that people encounter when dealing with the long term care of a loved one, specifically a parent. Understanding their financial standing and what types of savings they have will better help you address their needs for care, but this is often not an easy task.
Preparing for the Cost
Adult children experiencing a long term care situation with parents who have been rendered disabled, ill, or in need of custodial care may run into some financial roadblocks along the way. The cost of care alone is enough to cause some major[…]