Genuine dependency does not include creating a tradition of Sunday family dinners or having Mom do one’s laundry occasionally. However, both children and parents should realize that being independent should not include frequent financial loans or paying a grown-up child’s regular expenses, such as rent or phone bills.
No matter how much you might dislike dealing with the bills and other financial matters, you have to protect your future, so that you will not be destitute when you retire.
As a cognitively healthy adult, you have the right to be informed about the state of your health and make your own decisions about medical treatment. What happens, however, if you become unable to voice your own decisions?
Statistics tell us that it is very likely one or both of our parents will end up in a nursing home or rehabilitation center for an extended period. If you’re like most people, you do not know a whole lot about your parent’s finances.
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