Anonymous wrote:Anonymous wrote:Filial duty laws are sort of a new problem. Laws have always been on the books in some states but no one used to enforce them. There is a new trend to start trying so it should be on your radar. Not all states have them so its not an issue for everyone, but if you research the topic you will see some test cases that should give you some concern.
Generally, they are looking to make sure the parent did not dump their assets into a child's account to get out of paying the bill. If this is not the case, you would typically be ok. Other things they might look at would be whether you lived with them, received monthly stipends, etc.
We are concerned about this issue with my father-in-law. He is healthy now, but he is depleting his savings, raiding his 401ks, and has not worked a day in the last 10 years. Unfortunately, there is nothing we can do to stop him- we have tried. But we are starting to research what we should do to at least protect our own assets from any potential future liability. This isn't to say that we would not help him when the time comes, but if it happens tomorrow.. we certainly do not have enough liquid assets to provide full coverage.
You are being overly dramatic and inappropriate. For those who have been through this, that is the last thing I was worried about. At the nursing home, they asked us to sign a form saying we would be financially responsible. We said no. Problem solved. They send bills in both our names, we ignore them. Simple. We told them it was inappropriate and they don't care. You cannot be forced to be financially responsible for a parent. BTW, being retired means yo don't work.
Anonymous wrote:She doesn't have money. He has dementia and is not of sound mind/body. I suggested that he could live with her (they are both in the same city and he lives with her now anyway) and I would pay her a stipend of sorts (2k/month) for her role in caring for him. He doesn't need a nurse to care for him because my sister is at home all day anyway.
Anonymous wrote:you gross $170k a year with your spouse? and you want to pay $84k/year for a nursing home from your after-tax income and your sibling will contribute no money?
Good luck.
I would go back to the drawing board here and try to find an affordable option - church, temple, etc. affiliated that takes over the payments once Gpa is bankrupt.
Anonymous wrote:Anonymous wrote:Filial duty laws are sort of a new problem. Laws have always been on the books in some states but no one used to enforce them. There is a new trend to start trying so it should be on your radar. Not all states have them so its not an issue for everyone, but if you research the topic you will see some test cases that should give you some concern.
Generally, they are looking to make sure the parent did not dump their assets into a child's account to get out of paying the bill. If this is not the case, you would typically be ok. Other things they might look at would be whether you lived with them, received monthly stipends, etc.
We are concerned about this issue with my father-in-law. He is healthy now, but he is depleting his savings, raiding his 401ks, and has not worked a day in the last 10 years. Unfortunately, there is nothing we can do to stop him- we have tried. But we are starting to research what we should do to at least protect our own assets from any potential future liability. This isn't to say that we would not help him when the time comes, but if it happens tomorrow.. we certainly do not have enough liquid assets to provide full coverage.
You are being overly dramatic and inappropriate. For those who have been through this, that is the last thing I was worried about. At the nursing home, they asked us to sign a form saying we would be financially responsible. We said no. Problem solved. They send bills in both our names, we ignore them. Simple. We told them it was inappropriate and they don't care. You cannot be forced to be financially responsible for a parent. BTW, being retired means yo don't work.
Anonymous wrote:This is a troll post.
The more OP responds the more I become convinced.