What happens when a family has a(healthy) adult child who never leaves home, or returns home with no plans toleave? Friction.
This scenario becomes particularlypainful when the parents become elderly, especially when the adult child â€œfreeloaderâ€continues to mooch off of the aging parents and even begins to abuse the agingparents. The responsible adult children, who have lives of their own, may cometo their witâ€™s end. Ultimately, everything comes to a head when the elderlyparents need care and can no longer care for the adult child. What then?
This is an increasingly commonproblem, given the recent economic unpleasantries and the expanding retirementbubble of aging baby-boomers. Fortunately, Forbesrecently explored this conundrum in an article titled â€œWhat Siblings Need to Do About Aging Parentsand The Family Freeloader.â€
So, what can you do? While itâ€™sstill hard to say for certain, since every family is different, you need todeal with it.
Out of concern for everyone, anddespite whatever family baggage may exist, you must find a solution. In mostinstances an Elder Law Attorney should be consulted to ensure the protection ofthe elder parents, especially if financial elder abuse is suspected.
At Idaho Estate Planning, we understandthe challenges faced by elder Americans. We have the experience and expertiseto help you maintain your options and protect yourself as well as your lovedones now and into the future. Remember, good planning is no accident.