Parents With A Special Needs Child
A family with a son or daughter that is dealing with autism, Down syndrome, Asperger Syndrome, or other special needs faces an enormous challenge for the care and support of the child. Proper care can be both expensive and time consuming. So what happens to the child, when you, the parent, passes away or becomes incapacitated?
Times Have Changed
Remember the TV sitcoms from the 1950s and '60s that are now being rerun on late night TV? The TV shows "Ozzie and Harriet" or "Leave it to Beaver" both told stories of families consisting of a husband and wife and their two children. These programs portrayed what is called the traditional family in America. That was years ago and things have changed a lot since then.
Daughter Is Put On Elderly Mom's Bank Account
Putting a sibling's name on Mom's bank account can be a very bad idea. The solution seemed simple, as Mom was in poor physical and mental health. Daughter Amy was put on as a joint owner on Mom's $300,000 account. Amy's three brothers thought it was a good plan so that Mom's bills could be paid and her medical needs could be taken care of.
Caring For Our Elderly Parents
Taking care of an elderly parent or grandparent is something that many of us deal with on a frequent basis. As Americans live longer, this is becoming more and more common. Dealing with our parent's care can be very emotional and difficult when problems arise.
Brother Takes Care Of Grandmother's Finances
Mary lives in Saint Paul with her grandmother Marjorie, whom she has taken care of for the past four years. Her brother, Richard, offered to take care of Marjorie's finances so the grandmother signed a power of attorney for Richard to take care of her assets and monthly bills. Things went well for several months.