What Does Physical Caregiving Have To Do With Elder Law Planning?

January 21, 2016

According to recent research and stories by the New York Times, more adult children are moving closer to their parents. If you live within 20 minutes of your aging parents then you can be seen as a typical American. Physical proximity can play a critical role when an elder family member needs caregiving.shutterstock_296020625

The median distance that Americans live from their mother is only 18 miles and it turns out that only 20 percent of individuals live more than a few hours’ drive away from their parents. The primary reason for focusing on women is that women tend to be caregivers more often. Caregiving goes both ways as an adult child may benefit from an elderly loved one babysitting their grandchildren, for example.

That being said, living close to your parents can be problematic even when you are just a couple of miles away, if your elderly loved one is experiencing advanced signs of aging. This is why it is imperative to consider all of your caregiving options and determine when Medicaid or other issues may kick in and help with this process. Speak with an elder law planning attorney today to learn more.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Your Tax Return Is a Roadmap: What to Review Before Year-End

Your completed tax return can reveal planning opportunities before year-end. Review investment gains, business income, retirement contributions, and estimated tax payments with your tax and ...

<p>The post Your Tax Return Is a Roadmap: What to Review Before Year-End first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Business Owners: Five Financial Conversations to Have Before December

Before year-end, business owners should review profit projections, cash reserves, major purchases, retirement plan funding, and personal financial goals with their advisory team. The start ...

<p>The post Business Owners: Five Financial Conversations to Have Before December first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Before You Make a Year-End Financial Move, Ask How It Affects the Rest of Your Financial Picture

Before making year-end tax, investment, retirement, business, or charitable decisions, consider how each move affects your broader financial picture. Year-end financial planning often starts with ...

<p>The post Before You Make a Year-End Financial Move, Ask How It Affects the Rest of Your Financial Picture first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>