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)

Updates on Federal and state limits

 Last last year, the IRS announced the annual updates to certain key figures:  $13.99 million - the lifetime per-person estate and gift tax ...

  • 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...
  • A word from Warren Buffett
    On November 25, Buffett announced a contribution of a little over $1.14 billion in Berkshire Hathaway shares to three foundations managed by...
  • Final SECURE 2.0 regulations
      The IRS has finally issued its long-awaited Final Rule implementing the “SECURE 2.0” legislation governing distributions to non-spouse de...