Wednesday, April 10, 2013

An obligation to pay for your parents' nursing home?

The AARP has posted a state-by-state guide to "filial support" laws, which obligate a child of an elderly parent, or the parent of an adult child, to contribute to his support if he is unable to support himself. The map shows that 30 states have some form of this law. (Michigan is not among them.) The author notes that some nursing homes are using these laws to require adult children of residents to pay for their nursing home care.
at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

"Ghost Hacking" - a new BOLO

A relatively new way cyberthieves steal wealth is by taking over the identities of people after they die, an act known as ghosting or ghost ...

  • Lion Cub deeds - myth vs. reality
    The Lion Cub deed is an elusive creature. It is fleetingly mentioned on the web sites of some Michigan estate planning and real estate attor...
  • IRA distributions under SECURE
    The 2019 SECURE Act made a major modification to post-mortem distributions of funds from IRAs and qualified retirement accounts to non-spous...
  • The lion cub, revisited
    We recently posted our commentary on the use of a so-called “lion cub” deed, noting that two or more people who are granted ownership of re...