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THE M WORD: The Money Talk every Family Needs to have about Wealth and their Financial Future by Lori Sackler

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6Caring for an Elderly Parent

Having Money Talks About Parents’ Long-Term Care

A test of a people is how it behaves toward the old. It is easy to love children. Even tyrants and dictators make a point of being fond of children. But the affection and care for the old, the incurable, the helpless are the true gold mines of a culture.—Abraham J. Heschel

Take good notes and do a caring, thoughtful job if you are parenting your parents. You will want your kids to have a good road map for taking care of you if and when that time comes.

As the elderly population continues to increase, so do people’s concerns about caring for those they love who are elderly. Today approximately 10 million Americans need long-term-care services, ranging from weekly visits ...

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