soon as you have an inkling that a divorced parent might need assistance, it
definitely requires a family meeting," says Joy Loverde, author of
"The Complete Eldercare Planner." "Everyone needs to be there,
to open up about any concerns, to start sharing responsibilities. Start talking
about it right now; do not wait."
Divorce is simply not a young
person issue. In fact, boomers struggling to help their elderly divorced
parents are starting to offer evidence that there are issues and unpleasant
surprises awaiting those families who have not planned ahead.
The evidence has been slowly
coming in for a while, of course, but current articles have helped to publicly
put the pieces together for us. For example, consider a recent article in Reuters titled “Double the trouble when divorced parents get
In broad strokes, marriage is
and has been an important institution for us. Not only does it order our daily
lives, but it organizes our longtime finances as well. On the other hand,
divorced persons simply have to plan that much more for their own old age,
especially when it comes to the question of living alone and perhaps shouldering
medical care by yourself.
More often than not, this
actually is an issue for the adult children of divorced parents. After all,
it’s already an era that calls for more and more care from children, but taking
care of Mom and Dad is an entirely different concept when they are no longer
together or there for each other.
Takeaway: for divorced
individuals, this is simply something more to consider in your planning for the
future; and for families, this is a necessary issue to address.
Contact your Newport Beach
estate planning attorneys at Meier Law Firm to discuss all of your estate
(October 22, 2012) “Double the trouble when divorced parents get