This is an increasingly common problem, given the recent economic unpleasantries and the expanding retirement bubble of aging baby boomers. Fortunately, Forbes recently explored this conundrum in an article titled “What Siblings Need to Do About Aging Parents and The Family Freeloader.”
So, what can you do? While it’s still hard to say for certain, since every family is different, you need to deal with it.
Out of concern for everyone, and despite whatever family baggage may exist, you must find a solution. In most instances, an Elder Law Attorney should be consulted to ensure the protection of the elder parents, especially if financial elder abuse is suspected.
Contact Meier Law Firm to discuss all of your Estate Planning needs.
Reference: Forbes (September 16, 2012) “What Siblings Need to Do About Aging Parents and The Family Freeloader”