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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Tell me your challenges parenting adult children. I am in the throes and have concluded this is by far the most difficult phase of them all. [/quote]

It is, because there’s no end, especially if you have a kid struggling with addiction, special needs, etc. Make sure you put plans in place for their financial care after you die. [/quote]

If you don't mind sharing, how old is your DC and what are you planning? We are faced with this right now. We may be in a one-off situation or could end up chronic. Do not want to burden the other sibling and we also want to protect the assets of the other child, especially from financial abuse by others, even if they may not think it is in their best interest in their unmedicated moments.[/quote]

NP I'm in this situation as well (22yo currently in residential treatment for dual diagnosis [serious mental illness + substance use/abuse], younger child w/o issues [so far, anyway]) and it's frightening.  You might look for an attorney who specializes in trusts and conservatorships, that kind of thing, to talk about setting up a fiduciary and how that might work.  We've talked to the public guardian in our county and they said there's the public route (which in my state typically means a hospital would refer the person for conservatorship, and the county/state becomes the conservator -- can make medical and financial decisions on their behalf) or the private route (meaning we would have to sue for conservatorship of their [nonexistent] assets and put our own conservator in place).  I was totally overwhelmed when I spoke with them so I'm sure I'm getting details wrong here.  And it's probably different from state to state.

We're concerned with the same things you are -- namely that our younger child not stuck as the designated banker for our older one, but also that our older one doesn't come into money that they will immediately blow on some nonsense or other, and/or will become easy prey for anyone with bad intentions. It's pretty stressful.  Of course their legacy will probably be tapped out by the residential treatment programs anyway... /blackhumor[/quote]

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