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    Joshua and Laura Meier Newport Beach Trust and Estate Planning Attorneys Focused on Helping Families with Young Kids
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    Oct 10 12

    What to Do About Family “Freeloaders”

    Newport Beach Law Firm

    Lots of families have one: a family
    freeloader. The adult child who still gets money from parents each month to
    make it… What brings this to a crisis point is that a parent’s health fails
    or a parent passes away.  Then

    What happens when a family has a
    (healthy) adult child who never leaves home, or returns home with no plans to
    leave? Friction.

    This scenario becomes particularly
    painful when the parents become elderly, especially when the adult child “freeloader”
    continues to mooch off of the aging parents and even begins to abuse the aging
    parents. The responsible adult children, who have lives of their own, may come
    to their wit’s end. Ultimately, everything comes to a head when the elderly
    parents need care and can no longer care for the adult child. What then?

    This is an increasingly common
    problem, given the recent economic unpleasantries and the expanding retirement
    bubble of aging baby-boomers. Fortunately, Forbes
    recently explored this conundrum in an article titled “What Siblings Need to Do About Aging Parents
    and The Family Freeloader

    So, what can you do? While it’s
    still hard to say for certain, since every family is different, you need to
    deal with it.

    Out of concern for everyone, and
    despite whatever family baggage may exist, you must find a solution. In most
    instances an Elder Law Attorney should be consulted to ensure the protection of
    the elder parents, especially if financial elder abuse is suspected.

    Contact Meier Law Firm to discuss all of your Estate Planning needs. 

    Reference: Forbes
    (September 16, 2012) “What Siblings Need to Do About Aging Parents
    and The Family Freeloader

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