Are Caregivers Responsible for Their Parents Debt?
I was recently asked “Am I responsible for my parent’s debt? What if as a caregiver, I recently discovered that my father has several thousand of dollars of debt. Are parent debts transferable?”
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I was recently asked “Am I responsible for my parent’s debt? What if as a caregiver, I recently discovered that my father has several thousand of dollars of debt. Are parent debts transferable?”
“Seniors can make easy targets for fraud, whether it’s for unbelievable investment returns or fraudulent sweepstakes prizes. Fraud on seniors can happen by phone, mail, in person, or, less commonly, the Internet (because seniors are online in smaller numbers). It can happen to wealthy seniors, and those of limited means. According to the Federal Trade Commission, studies show con artists are more likely to target senior citizens than other age groups because they believe seniors are more susceptible to such scams. The FTC reports that fraudulent telemarketers direct from 56 to 80 percent of their calls at seniors. The need for senior fraud prevention has become greater than ever.”
As the United States people age, the focus on the number of looked for services will have to line up with the quality of the care rendered. For many years a spotlight has been placed on how well residents who reside in a nursing home are treated. Some understand that the level of care an individual obtains is dependent on how much family members are involved. Some mature children have trouble with placing their senior parents in a nursing home because of the negative press. Price is also a part in making this choice. An alternative to nursing homes is senior home care services, which allow a person to stay put in their home and receive the level of care that they will need.
