Caring for Your Ailing or Aging Parent – Know and Fully Understand the Personal and Financial Ramifications

October 1, 2012


Caring for a parent is often considered a job or a task. But what if your family turned this situation around and looked at it as a rewarding experience that provides the opportunity to give back to your parent all of the care and nurturing he or she provided while instilling values and bringing you up?

How about looking at this as an opportunity to offer care, love and affection, and to grow in positive ways that otherwise would not be available? While the situation may be a difficult one, what if you regarded it as a challenge with positive rewards?

If you see a situation arising in which your parent will need your care, you should begin planning as soon as possible to assess the needs of all parties. This includes communication with your siblings so you are all on the same page. For example, a sibling may mistakenly perceive you to be taking "advantage" of your parent, because you receive financial compensation. This is a very real possibility if you need to provide care for your parent 24/7 in your home or theirs.

Often caregiver children have to take a leave of absence under the Medical Leave Act or perhaps even terminate a job in order to stay home and care for their aging or ailing parent. Vacations may have to be postponed, ...

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by: Hyman G. Darling

Healthcare News
October 1012

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