For many adult children, helping an aging parent starts with something simple. Maybe it's driving Mom to a doctor's appointment, picking up groceries, helping with a bill, or making a phone call to an insurance company. But over time, caregiving can involve something many families don't expect: helping manage a parent's finances. You may find yourself helping with bills, reviewing statements, keeping track of insurance, organizing financial documents, or helping your parent understand the...

For many older adults, their home is their biggest asset. It may also be the asset they most want to leave to their children. So, when Medicaid becomes part of the long-term care conversation, families often have one very important question: Can Medicaid take my parent’s house after they die? The answer isn't a simple yes or no. Medicaid has something called estate recovery, which may allow the state to recover certain costs it paid for a person's care after that person dies. That can include...

The cost of caring for an aging loved one is becoming one of the biggest financial challenges facing American families. For many families, eldercare costs are no longer something they can simply deal with when the need arises. Long-term care can last years, and the financial impact can extend far beyond. A recent Business Insider report on the rising cost of long-term care highlights a growing problem: families are increasingly struggling to afford the care their aging loved ones need. Why...