Even wealthy parents can run out of money when senior-care costs kick in, warns eldercare consultant Carolyn Rosenblatt. At her Forbes blog Aging Parents, she tells the story of one man who assumed he’d get an inheritance but ended up having to give his parents money.
“If this could be you, it’s time to meet with your parents and their financial advisor,” Rosenblatt writes. “Plans need to include the possibility of long term care.” She …Read more ›